Federico Motors, INC
$324,700 PPP Loan in Wood River, Illinois
Loan Details
- Loan Number
- 4794527007
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $324,700
- Current Approval
- $324,700
- Forgiveness Amount
- $326,883
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Federico Motors, INC
- Address
- 1911 E Edwardsville Rd
- City
- Wood River
- State
- Illinois
- ZIP Code
- 62095-2272
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Kia Dealer Sales and Service Agreement
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 31
- Estimated Revenue
- $7.8M
- Rural/Urban
- Urban
- Congressional District
- IL-13
Loan Use Breakdown
- Payroll
- $243,525
- Utilities
- $40,588
- Mortgage Interest
- $40,588
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank & Trust, National Association
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