Steve Schmitt, Inc.

$645,200 PPP Loan in Highland, Illinois

Loan Details

Loan Number
5161337003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$645,200
Current Approval
$645,200
Forgiveness Amount
$650,003
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Steve Schmitt, Inc.
Address
12631 State Route 143
ZIP Code
62249-1111
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-15

Loan Use Breakdown

Payroll
$483,900
Utilities
$80,650
Mortgage Interest
$80,650

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank & Trust, National Association

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