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Severn INC

$125,600 PPP Loan in Blackduck, Minnesota

Loan Details

Loan Number
2941837106
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$125,600
Current Approval
$125,600
Forgiveness Amount
$126,654
Forgiveness Date
Feb 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Severn INC
Address
288 Frontage Rd
City
Blackduck
State
Minnesota
ZIP Code
56630
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (445110)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.0M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$101,200
Rent
$11,400
Utilities
$13,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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