The Republic of Tea INC
$1,846,500 PPP Loan in Nashville, Illinois
Loan Details
- Loan Number
- 1176727105
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,846,500
- Current Approval
- $1,846,500
- Forgiveness Amount
- $1,866,504
- Forgiveness Date
- May 13, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- The Republic of Tea INC
- Address
- 11051 Mockingbird Rd
- City
- Nashville
- State
- Illinois
- ZIP Code
- 62263-3436
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (424410)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 147
- Estimated Revenue
- $37.8M
- Rural/Urban
- Rural
- Congressional District
- IL-12
Loan Use Breakdown
- Payroll
- $1,477,200
- Rent
- $269,300
- Utilities
- $100,000
Lender Information
- Servicing Lender
- Commerce Bank
- Originating Lender
- Commerce Bank
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