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J P Scherrman, Inc.

$147,700 PPP Loan in Farley, Iowa

Loan Details

Loan Number
9839987002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$147,700
Current Approval
$147,700
Forgiveness Amount
$149,230
Forgiveness Date
Apr 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
J P Scherrman, Inc.
Address
1345 1st Avenue NW
City
Farley
State
Iowa
ZIP Code
52046-9435
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423820)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$110,775
Rent
$9,231
Utilities
$9,231
Mortgage Interest
$9,231
Refinance EIDL
$9,231

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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