Scherer Automotive, Inc.
$296,400 PPP Loan in Peoria, Illinois
Loan Details
- Loan Number
- 5047027000
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $296,400
- Current Approval
- $296,400
- Forgiveness Amount
- $298,615
- Forgiveness Date
- Jan 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Scherer Automotive, Inc.
- Address
- 2300 W Pioneer Pkwy
- City
- Peoria
- State
- Illinois
- ZIP Code
- 61615-1834
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423110)
- Franchise
- Mazda North American Operations�dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 24
- Estimated Revenue
- $7.4M
- Rural/Urban
- Urban
- Congressional District
- IL-16
Loan Use Breakdown
- Payroll
- $296,400
Lender Information
- Servicing Lender
- Commerce Bank
- Originating Lender
- Commerce Bank
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