PPP Loan information for Scherer automotive, inc.

$308,653

Scherer automotive, inc. was initially approved for PPP Loan of amount $308,653, the current approved amount is $308,653. The loan was approved on 02/04/2021 by The Commerce Bank reported 47 jobs and $308,653 was used to fund payroll.

Scherer automotive, inc. is Existing or more than 2 years old

PPP Loan Search / IL / Peoria / Scherer automotive, inc.

SCHERER AUTOMOTIVE, INC.

Date Approved

02/04/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

SCHERER AUTOMOTIVE, INC.

Borrower Address

2300 W Pioneer Pkwy

Borrower City

Peoria

Borrower State

IL

Borrower Zip

61615-1834

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

308652.98

Current Approval Amount

308652.98

Undisbursed Amount

0.00

Franchise Name

Mazda North American Operations Dealer Agreement

Servicing Lender Location Id

40781

Servicing Lender Name

Commerce Bank

Servicing Lender Address

1000 Walnut St, 11th Fl

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Peoria

Project County Name

PEORIA

Project State

IL

Project Zip

61615-1834

CD

IL-16

Jobs Reported

47

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

308652.98

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

310427.72

Forgiveness Date

09/07/2021

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