Scherer Bros. Lumber Co.
$3,494,600 PPP Loan in Minneapolis, Minnesota
Loan Details
- Loan Number
- 7161497004
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,494,600
- Current Approval
- $3,494,600
- Forgiveness Amount
- $3,535,291
- Forgiveness Date
- Jun 9, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Scherer Bros. Lumber Co.
- Address
- 9401 73rd Ave 400
- City
- Minneapolis
- State
- Minnesota
- ZIP Code
- 55428-1022
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (444190)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 280
- Estimated Revenue
- $57.8M
- Rural/Urban
- Urban
- Congressional District
- MN-03
Loan Use Breakdown
- Payroll
- $3,494,600
Lender Information
- Servicing Lender
- Platinum Bank
- Originating Lender
- Platinum Bank
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