Schmidt Ford of Salem Inc.
$489,662 PPP Loan in Salem, Illinois
Loan Details
- Loan Number
- 3612788703
- Date Approved
- Mar 31, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $489,662
- Current Approval
- $489,662
- Forgiveness Amount
- $493,448
- Forgiveness Date
- Jan 11, 2022
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Schmidt Ford of Salem Inc.
- Address
- 1815 W Main St
- City
- Salem
- State
- Illinois
- ZIP Code
- 62881-5839
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 36
- Estimated Revenue
- $9.1M
- Rural/Urban
- Rural
- Congressional District
- IL-12
Loan Use Breakdown
- Payroll
- $489,662
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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