PPP Loan information for Scherer family farm inc.

$65,488

Scherer family farm inc. was initially approved for PPP Loan of amount $65,488, the current approved amount is $65,488. The loan was approved on 03/25/2021 by The Minnesota National Bank reported 11 jobs and $65,488 was used to fund payroll.

Scherer family farm inc. is Existing or more than 2 years old

PPP Loan Search / MN / Freeport / Scherer family farm inc.

SCHERER FAMILY FARM INC.

Date Approved

03/25/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHERER FAMILY FARM INC.

Borrower Address

38189 260th Ave

Borrower City

Freeport

Borrower State

MN

Borrower Zip

56331-9659

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

65488.12

Current Approval Amount

65488.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38880

Servicing Lender Name

Minnesota National Bank

Servicing Lender Address

131 12th St South

Servicing Lender City

SAUK CENTRE

Servicing Lender State

MN

Servicing Lender Zip

56378-1682

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Freeport

Project County Name

STEARNS

Project State

MN

Project Zip

56331-9659

CD

MN-07

Jobs Reported

11

NAICS Code

112120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

65483.12

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

Corporation

Originating Lender Location Id

38880

Originating Lender

Minnesota National Bank

Originating Lender City

SAUK CENTRE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

65737.34

Forgiveness Date

08/17/2021

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