# PPP loan: WALTER E SMITHE FURNITURE INC
> **$3.16M** approved 04/05/2020 · Paid in Full · Loan `5147117000`
## Borrower
- **Name:** WALTER E SMITHE FURNITURE INC
- **Address:** 1251 W Thorndale Ave, ITASCA, IL, 60143-1149
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.16M
- **Initial approval:** $3.16M
- **Forgiven:** $3.19M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.37M
- **Rent:** $689K
- **Utilities:** $100K
- **Jobs reported:** 295
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*