# PPP loan: SCHEFFLER ELECTRIC CORP
> **$204K** approved 05/01/2020 · Paid in Full · Loan `7539527700`
## Borrower
- **Name:** SCHEFFLER ELECTRIC CORP
- **Address:** 144 WATER ST, BURLINGTON, IL, 60109-1103
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 8
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*