# PPP loan: SCHNITZELS INC
> **$158K** approved 06/29/2020 · Paid in Full · Loan `5728778004`
## Borrower
- **Name:** SCHNITZELS INC
- **Address:** 2298 East College Avenue, State College, PA, 16801-7205
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 50
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*