Scherer, Inc.
$825,400 PPP Loan in Tea, South Dakota
Loan Details
- Loan Number
- 4541637007
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $825,400
- Current Approval
- $825,400
- Forgiveness Amount
- $829,923
- Forgiveness Date
- Nov 3, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Scherer, Inc.
- Address
- 46994 Mindy St
- City
- Tea
- State
- South Dakota
- ZIP Code
- 57064-8125
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332710)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 65
- Estimated Revenue
- $15.9M
- Rural/Urban
- Urban
- Congressional District
- SD-
Loan Use Breakdown
- Payroll
- $619,050
- Rent
- $103,175
- Utilities
- $103,175
Lender Information
- Servicing Lender
- First Dakota National Bank
- Originating Lender
- First Dakota National Bank
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| Harvard Integrations LP | $1,602,260 |  Research |
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