PPP Loan information for Michael scherm

$20,833

Michael scherm was initially approved for PPP Loan of amount $20,833, the current approved amount is $20,833. The loan was approved on 03/13/2021 by The Southern Bancorp Bank reported 1 jobs and $20,833 was used to fund payroll.

Michael scherm is Existing or more than 2 years old

PPP Loan Search / AR / Stuttgart / Michael scherm

MICHAEL SCHERM

Date Approved

03/13/2021

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MICHAEL SCHERM

Borrower Address

211 W 7th St

Borrower City

Stuttgart

Borrower State

AR

Borrower Zip

72160-4703

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

20833.25

Current Approval Amount

20833.25

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4089

Servicing Lender Name

Southern Bancorp Bank

Servicing Lender Address

605 Main St

Servicing Lender City

ARKADELPHIA

Servicing Lender State

AR

Servicing Lender Zip

71923-6037

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Stuttgart

Project County Name

ARKANSAS

Project State

AR

Project Zip

72160-4703

CD

AR-01

Jobs Reported

1

NAICS Code

111110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

20830.25

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

4089

Originating Lender

Southern Bancorp Bank

Originating Lender City

ARKADELPHIA

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

20957.68

Forgiveness Date

10/20/2021

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