# PPP loan: THE SCHROEDL COMPANY
> **$468K** approved 04/08/2020 · Paid in Full · Loan `8442147005`
## Borrower
- **Name:** THE SCHROEDL COMPANY
- **Address:** 5330 Reisterstown Road, BALTIMORE, MD, 21215-4402
- **NAICS:** 812320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $472K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Rent:** $67K
- **Utilities:** $5K
- **Health care:** $6K
- **Jobs reported:** 48
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*