# PPP loan: SCHAUER ELECTRIC, INC.
> **$314K** approved 04/15/2020 · Paid in Full · Loan `9639287108`
## Borrower
- **Name:** SCHAUER ELECTRIC, INC.
- **Address:** 1225 Ash Lane, Lebanon, PA, 17042
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Utilities:** $79K
- **Jobs reported:** 21
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*