Walter E Smithe Furniture INC

$3,157,707 PPP Loan in Itasca, Illinois

Loan Details

Loan Number
5147117000
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$3,157,707
Current Approval
$3,157,707
Forgiveness Amount
$3,194,635
Forgiveness Date
Jun 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Walter E Smithe Furniture INC
Address
1251 W Thorndale Ave
City
Itasca
ZIP Code
60143-1149
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (442110)
Business Age
Existing or more than 2 years old
Jobs Reported
295
Estimated Revenue
$53.5M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$2,369,000
Rent
$688,707
Utilities
$100,000

Lender Information

Servicing Lender
Itasca Bank & Trust Co.
Originating Lender
Itasca Bank & Trust Co.

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