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World of Powersports, INC

$471,500 PPP Loan in Decatur, Illinois

Loan Details

Loan Number
4573727004
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$471,500
Current Approval
$471,500
Forgiveness Amount
$474,277
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
World of Powersports, INC
Address
2635 N 22nd St
City
Decatur
State
Illinois
ZIP Code
62526-4745
Business Type
Corporation
Industry (NAICS)
Retail Trade (441228)
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$13.6M
Rural/Urban
Urban
Congressional District
IL-13

Loan Use Breakdown

Payroll
$353,625
Rent
$58,937
Utilities
$58,938

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank & Trust, National Association

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