PPP Loan information for Scherrman's implement, inc

$527,000

Scherrman's implement, inc was initially approved for PPP Loan of amount $527,000, the current approved amount is $527,000. The loan was approved on 04/11/2020 by The MidWestOne Bank reported 34 jobs and $527,000 was used to fund payroll.

Scherrman's implement, inc is Existing or more than 2 years old

PPP Loan Search / IA / DYERSVILLE / Scherrman's implement, inc

SCHERRMAN'S IMPLEMENT, INC

Date Approved

04/11/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

SCHERRMAN'S IMPLEMENT, INC

Borrower Address

13951 IA-136

Borrower City

DYERSVILLE

Borrower State

IA

Borrower Zip

52040

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

527000.00

Current Approval Amount

527000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DYERSVILLE

Project County Name

DUBUQUE

Project State

IA

Project Zip

52040-0001

CD

IA-02

Jobs Reported

34

NAICS Code

423820

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

32937.50

Payroll Proceed

395250.00

Mortgage Interest Proceed

32937.50

Rent Proceed

32937.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

32937.5

Business Type

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

531084.25

Forgiveness Date

01/20/2021

;