# PPP loan: MIKE SCHULTE TRUCK SERVICE, INC.
> **$197K** approved 04/07/2020 · Paid in Full · Loan `7412687008`
## Borrower
- **Name:** MIKE SCHULTE TRUCK SERVICE, INC.
- **Address:** 407 South Mill Street, SUMMERFIELD, IL, 62289-1038
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Mortgage interest:** $9K
- **Utilities:** $1K
- **Jobs reported:** 27
## Lender
- **Originating:** Community Bank of Trenton
- **Servicing:** Community Bank of Trenton (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*