PPP Loan information for Scherer bros. lumber co.

$3,494,600

Scherer bros. lumber co. was initially approved for PPP Loan of amount $3,494,600, the current approved amount is $3,494,600. The loan was approved on 04/07/2020 by The Platinum Bank reported 280 jobs and $3,494,600 was used to fund payroll.

Scherer bros. lumber co. is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Scherer bros. lumber co.

SCHERER BROS. LUMBER CO.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHERER BROS. LUMBER CO.

Borrower Address

9401 73RD AVE 400

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55428-1022

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

3494600.00

Current Approval Amount

3494600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

446001

Servicing Lender Name

Platinum Bank

Servicing Lender Address

7667 10th St N

Servicing Lender City

OAKDALE

Servicing Lender State

MN

Servicing Lender Zip

55128-5339

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55428-1022

CD

MN-03

Jobs Reported

280

NAICS Code

444190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3494600.00

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

Subchapter S Corporation

Originating Lender Location Id

446001

Originating Lender

Platinum Bank

Originating Lender City

OAKDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3535290.55

Forgiveness Date

06/09/2021

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