# PPP loan: SCHAFFER MECHANICAL, INC.
> **$1.23M** approved 05/01/2020 · Paid in Full · Loan `7932207705`
## Borrower
- **Name:** SCHAFFER MECHANICAL, INC.
- **Address:** 5420 Gulfton, Houston, TX, 77081
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.25M (102%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 152
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*