# PPP loan: DON SCHUMACHER RACING CORPORATION
> **$1.25M** approved 04/08/2020 · Paid in Full · Loan `8028657010`
## Borrower
- **Name:** DON SCHUMACHER RACING CORPORATION
- **Address:** 801 E. Business Center Drive, MOUNT PROSPECT, IL, 60056-2179
- **NAICS:** 711211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 86
## Lender
- **Originating:** Pilot Bank
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*