# PPP loan: SCHAIN MOLD & ENGINEERING, INC.
> **$519K** approved 04/08/2020 · Paid in Full · Loan `7759847007`
## Borrower
- **Name:** SCHAIN MOLD & ENGINEERING, INC.
- **Address:** 2776 Commerce Road, ROCHESTER, MI, 48309
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $379K (73%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Jobs reported:** 45
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*