# PPP loan: SCHEERER BEARING CORPORATION
> **$656K** approved 04/07/2020 · Paid in Full · Loan `7349297005`
## Borrower
- **Name:** SCHEERER BEARING CORPORATION
- **Address:** 645 Davisville Road, Willow Grove, PA, 19090
- **NAICS:** 332991
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $656K
- **Initial approval:** $656K
- **Forgiven:** $661K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $656K
- **Jobs reported:** 44
## Lender
- **Originating:** Fulton Bank National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*