# PPP loan: SCHULDT MECHANICAL SERVICES, INC.
> **$215K** approved 04/28/2020 · Paid in Full · Loan `9248507203`
## Borrower
- **Name:** SCHULDT MECHANICAL SERVICES, INC.
- **Address:** 45 Center Drive, GILBERTS, IL, 60136-9739
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Rent:** $22K
- **Mortgage interest:** $11K
- **Utilities:** $11K
- **Jobs reported:** 9
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*