Date Approved
06/30/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
SCHERPING TRANSPORT, LLC
Borrower Address
723 Main Street East
Borrower City
Freeport
Borrower State
MN
Borrower Zip
56331
Loan Status Date
05/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
6500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
99711
Servicing Lender Name
Magnifi Financial CU
Servicing Lender Address
20 4th Ave E
Servicing Lender City
MELROSE
Servicing Lender State
Servicing Lender Zip
56352-1356
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
New Business or 2 years or less
Project City
Project County Name
STEARNS
Project State
Project Zip
56331-0001
CD
MN-07
Jobs Reported
1
NAICS Code
484110
Race
White
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
6553.07
Forgiveness Date
05/03/2021