# PPP loan: SCHLOUCH INCORPORATED
> **$4.42M** approved 04/15/2020 · Paid in Full · Loan `8268427108`
## Borrower
- **Name:** SCHLOUCH INCORPORATED
- **Address:** 132 Excelsior Drive, Blandon, PA, 19510
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.42M
- **Initial approval:** $4.42M
- **Forgiven:** $4.47M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.79M
- **Rent:** $28K
- **Utilities:** $8K
- **Health care:** $560K
- **Debt interest:** $30K
- **Jobs reported:** 283
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*