# PPP loan: SCHMITT CHEVROLET, INC.
> **$809K** approved 04/05/2020 · Paid in Full · Loan `5126817010`
## Borrower
- **Name:** SCHMITT CHEVROLET, INC.
- **Address:** 127 Regency Park, O FALLON, IL, 62269-1869
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $809K
- **Initial approval:** $854K
- **Forgiven:** $816K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $607K
- **Mortgage interest:** $101K
- **Utilities:** $101K
- **Jobs reported:** 61
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*