Ronchetti Distributing Co.

$324,500 PPP Loan in Mattoon, Illinois

Loan Details

Loan Number
4804077008
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$324,500
Current Approval
$324,500
Forgiveness Amount
$326,564
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Ronchetti Distributing Co.
Address
2621 Lake Land Blvd.
ZIP Code
61938-5964
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424810)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.7M
Rural/Urban
Urban
Congressional District
IL-15

Loan Use Breakdown

Payroll
$243,375
Utilities
$40,563
Mortgage Interest
$40,562

Lender Information

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

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