Gerald Motors, Inc.

$745,800 PPP Loan in Matteson, Illinois

Loan Details

Loan Number
7856147109
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$745,800
Current Approval
$745,800
Forgiveness Amount
$757,567
Forgiveness Date
Nov 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gerald Motors, Inc.
Address
5540 Auto Ct
ZIP Code
60443-1486
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
New Business or 2 years or less
Jobs Reported
72
Estimated Revenue
$18.1M
Rural/Urban
Urban
Congressional District
IL-02

Loan Use Breakdown

Payroll
$559,350
Rent
$111,870
Utilities
$74,580

Lender Information

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

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