Scherstad Systems Inc.

$24,850 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
7278057702
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$24,850
Current Approval
$12,500
Forgiveness Amount
$12,581
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Scherstad Systems Inc.
Address
18175 Denver St NW
ZIP Code
55330
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423430)
Business Age
Existing or more than 2 years old
Jobs Reported
3
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-06

Loan Use Breakdown

Payroll
$12,500

Lender Information

Servicing Lender
U.s. Bank, National Association
Originating Lender
U.s. Bank, National Association

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