Jack Schmitt Chevrolet of Wood River, Inc.
$871,900 PPP Loan in Wood River, Illinois
Loan Details
- Loan Number
- 4940657010
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $871,900
- Current Approval
- $828,930
- Forgiveness Amount
- $835,400
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Jack Schmitt Chevrolet of Wood River, Inc.
- Address
- 1870 E. Edwardsville Rd.
- City
- Wood River
- State
- Illinois
- ZIP Code
- 62095-2273
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 66
- Estimated Revenue
- $16.6M
- Rural/Urban
- Urban
- Congressional District
- IL-13
Loan Use Breakdown
- Payroll
- $621,698
- Utilities
- $103,616
- Mortgage Interest
- $103,616
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank & Trust, National Association
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