Gerald Imports INC

$669,700 PPP Loan in Matteson, Illinois

Loan Details

Loan Number
7647637107
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$669,700
Current Approval
$669,700
Forgiveness Amount
$680,266
Forgiveness Date
Nov 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gerald Imports INC
Address
5505 Auto Court
ZIP Code
60443
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Honda Automobile Division - Dealer Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
52
Estimated Revenue
$13.1M
Rural/Urban
Urban
Congressional District
IL-02

Loan Use Breakdown

Payroll
$502,275
Rent
$83,713
Utilities
$83,713

Lender Information

Servicing Lender
Wheaton Bank & Trust Company, National Association
Originating Lender
Wheaton Bank & Trust Company, National Association

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