Schmidt Ford of Salem, INC
$489,660 PPP Loan in Salem, Illinois
Loan Details
- Loan Number
- 9861327010
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $489,660
- Current Approval
- $489,660
- Forgiveness Amount
- $496,058
- Forgiveness Date
- Aug 4, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Schmidt Ford of Salem, INC
- Address
- 1815 W Main 0.0
- City
- Salem
- State
- Illinois
- ZIP Code
- 62881-5839
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 36
- Estimated Revenue
- $9.1M
- Rural/Urban
- Rural
- Congressional District
- IL-12
Loan Use Breakdown
- Payroll
- $341,967
- Rent
- $70,000
- Utilities
- $18,000
- Health Care
- $45,000
- Debt Interest
- $14,693
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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