# PPP loan: JACK SCHMITT CADILLAC, INC.
> **$298K** approved 04/05/2020 · Paid in Full · Loan `5138467009`
## Borrower
- **Name:** JACK SCHMITT CADILLAC, INC.
- **Address:** 915 West Hwy 50, O FALLON, IL, 62269-1829
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $310K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Jobs reported:** 26
## 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*