PPP Loan information for Scherer & sons trucking, inc.

$590,000

Scherer & sons trucking, inc. was initially approved for PPP Loan of amount $590,000, the current approved amount is $590,000. The loan was approved on 04/03/2020 by The Sentry Bank reported 49 jobs and $590,000 was used to fund payroll.

Scherer & sons trucking, inc. is Existing or more than 2 years old

PPP Loan Search / MN / SAINT JOSEPH / Scherer & sons trucking, inc.

SCHERER & SONS TRUCKING, INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHERER & SONS TRUCKING, INC.

Borrower Address

1007 1/2 East Minnesota Street

Borrower City

SAINT JOSEPH

Borrower State

MN

Borrower Zip

56374-4101

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

590000.00

Current Approval Amount

590000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38828

Servicing Lender Name

Sentry Bank

Servicing Lender Address

400 4th Ave NE

Servicing Lender City

SAINT JOSEPH

Servicing Lender State

MN

Servicing Lender Zip

56374-8644

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT JOSEPH

Project County Name

STEARNS

Project State

MN

Project Zip

56374-4101

CD

MN-06

Jobs Reported

49

NAICS Code

484110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

59000.00

Payroll Proceed

442500.00

Mortgage Interest Proceed

0.00

Rent Proceed

88500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38828

Originating Lender

Sentry Bank

Originating Lender City

SAINT JOSEPH

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

594654.44

Forgiveness Date

01/25/2021

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