# PPP loan: SCHALZ HARDWARE, INC
> **$182K** approved 04/28/2020 · Paid in Full · Loan `7417457204`
## Borrower
- **Name:** SCHALZ HARDWARE, INC
- **Address:** 915 REDBUD LN, SUGAR GROVE, IL, 60554-7511
- **NAICS:** 444110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $2K
- **Jobs reported:** 76
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*