# PPP loan: SCHAEFER HARDWOOD FLOORS, INC.
> **$250K** approved 04/15/2020 · Paid in Full · Loan `9464527105`
## Borrower
- **Name:** SCHAEFER HARDWOOD FLOORS, INC.
- **Address:** 3008 Bryant ave s, MINNEAPOLIS, MN, 55408-2818
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Utilities:** $63K
- **Jobs reported:** 14
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*