Locher Bros., INC
$750,000 PPP Loan in Green Isle, Minnesota
Loan Details
- Loan Number
- 3877257206
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $750,000
- Current Approval
- $750,000
- Forgiveness Amount
- $755,158
- Forgiveness Date
- Jan 6, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Locher Bros., INC
- Address
- 18098 365th Avenue
- City
- Green Isle
- State
- Minnesota
- ZIP Code
- 55338-2137
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (424810)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 60
- Estimated Revenue
- $15.4M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $600,000
- Rent
- $75,000
- Utilities
- $75,000
Lender Information
- Servicing Lender
- Cornerstone State Bank
- Originating Lender
- Cornerstone State Bank
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