Scherer & Sons Trucking, Inc.
$590,000 PPP Loan in Saint Joseph, Minnesota
Loan Details
- Loan Number
- 4467237006
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $590,000
- Current Approval
- $590,000
- Forgiveness Amount
- $594,654
- Forgiveness Date
- Jan 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Scherer & Sons Trucking, Inc.
- Address
- 1007 1/2 East Minnesota Street
- City
- Saint Joseph
- State
- Minnesota
- ZIP Code
- 56374-4101
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Transportation and Warehousing (484110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 49
- Estimated Revenue
- $7.4M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $442,500
- Rent
- $88,500
- Utilities
- $59,000
Lender Information
- Servicing Lender
- Sentry Bank
- Originating Lender
- Sentry Bank
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