PPP Loan information for Walter e smithe furniture inc

$3,157,707

Walter e smithe furniture inc was initially approved for PPP Loan of amount $3,157,707, the current approved amount is $3,157,707. The loan was approved on 04/05/2020 by The Itasca Bank & Trust Co. reported 295 jobs and $3,157,707 was used to fund payroll.

Walter e smithe furniture inc is Existing or more than 2 years old

PPP Loan Search / IL / ITASCA / Walter e smithe furniture inc

WALTER E SMITHE FURNITURE INC

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

WALTER E SMITHE FURNITURE INC

Borrower Address

1251 W Thorndale Ave

Borrower City

ITASCA

Borrower State

IL

Borrower Zip

60143-1149

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3157707.00

Current Approval Amount

3157707.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21562

Servicing Lender Name

Itasca Bank & Trust Co.

Servicing Lender Address

308 W Irving Park Rd

Servicing Lender City

ITASCA

Servicing Lender State

IL

Servicing Lender Zip

60143-2038

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ITASCA

Project County Name

DUPAGE

Project State

IL

Project Zip

60143-1149

CD

IL-08

Jobs Reported

295

NAICS Code

442110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

100000.00

Payroll Proceed

2369000.00

Mortgage Interest Proceed

0.00

Rent Proceed

688707.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

21562

Originating Lender

Itasca Bank & Trust Co.

Originating Lender City

ITASCA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3194634.63

Forgiveness Date

06/09/2021

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