Schmitt Chevrolet, Inc.
$853,700 PPP Loan in O Fallon, Illinois
Loan Details
- Loan Number
- 5126817010
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $853,700
- Current Approval
- $809,200
- Forgiveness Amount
- $815,629
- Forgiveness Date
- Jan 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Schmitt Chevrolet, Inc.
- Address
- 127 Regency Park
- City
- O Fallon
- State
- Illinois
- ZIP Code
- 62269-1869
- 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
- 61
- Estimated Revenue
- $15.4M
- Rural/Urban
- Urban
- Congressional District
- IL-13
Loan Use Breakdown
- Payroll
- $606,900
- Utilities
- $101,150
- Mortgage Interest
- $101,150
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank & Trust, National Association
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