# PPP loan: SCHAEFFER AUTOMOTIVE GROUP, INC
> **$1.47M** approved 04/08/2020 · Paid in Full · Loan `8132797006`
## Borrower
- **Name:** SCHAEFFER AUTOMOTIVE GROUP, INC
- **Address:** 2982 N.GERMANTOWN RD, BARTLETT, TN, 38133-4002
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Jobs reported:** 125
## Lender
- **Originating:** Commercial Bank and Trust Company
- **Servicing:** Commercial Bank and Trust Company (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*