Jack Schmitt Ford, Inc.
$676,500 PPP Loan in Collinsville, Illinois
Loan Details
- Loan Number
- 5131547006
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $676,500
- Current Approval
- $645,900
- Forgiveness Amount
- $651,031
- Forgiveness Date
- Jan 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Jack Schmitt Ford, Inc.
- Address
- 1820 Vandalia
- City
- Collinsville
- State
- Illinois
- ZIP Code
- 62234-1111
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 46
- Estimated Revenue
- $11.6M
- Rural/Urban
- Urban
- Congressional District
- IL-13
Loan Use Breakdown
- Payroll
- $484,425
- Utilities
- $80,738
- Mortgage Interest
- $80,738
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank & Trust, National Association
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