PPP Loan information for Scherer, inc.

$825,400

Scherer, inc. was initially approved for PPP Loan of amount $825,400, the current approved amount is $825,400. The loan was approved on 04/03/2020 by The First Dakota National Bank reported 65 jobs and $825,400 was used to fund payroll.

Scherer, inc. is Existing or more than 2 years old

PPP Loan Search / SD / TEA / Scherer, inc.

SCHERER, INC.

Date Approved

04/03/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

SCHERER, INC.

Borrower Address

46994 MINDY ST

Borrower City

TEA

Borrower State

SD

Borrower Zip

57064-8125

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

825400.00

Current Approval Amount

825400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66728

Servicing Lender Name

First Dakota National Bank

Servicing Lender Address

225 Cedar St

Servicing Lender City

YANKTON

Servicing Lender State

SD

Servicing Lender Zip

57078-4333

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TEA

Project County Name

LINCOLN

Project State

SD

Project Zip

57064-8125

CD

SD-

Jobs Reported

65

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

103175.00

Payroll Proceed

619050.00

Mortgage Interest Proceed

0.00

Rent Proceed

103175.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66728

Originating Lender

First Dakota National Bank

Originating Lender City

YANKTON

Originating Lender State

SD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

829922.74

Forgiveness Date

11/03/2020

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