# PPP loan: JACK SCHMITT CHEVROLET OF WOOD RIVER, INC.
> **$829K** approved 04/04/2020 · Paid in Full · Loan `4940657010`
## Borrower
- **Name:** JACK SCHMITT CHEVROLET OF WOOD RIVER, INC.
- **Address:** 1870 E. Edwardsville Rd., WOOD RIVER, IL, 62095-2273
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $829K
- **Initial approval:** $872K
- **Forgiven:** $835K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $622K
- **Mortgage interest:** $104K
- **Utilities:** $104K
- **Jobs reported:** 66
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*