# PPP loan: JEFF SCHULTZ
> **$242K** approved 04/28/2020 · Paid in Full · Loan `8940667207`
## Borrower
- **Name:** JEFF SCHULTZ
- **Address:** 28130 437th Ave, FREEMAN, SD, 57029-5507
- **NAICS:** 112120
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 24
## Lender
- **Originating:** Merchants State Bank
- **Servicing:** Merchants State Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*