PPP Loan information for Drake automotive, inc.

$87,000

Drake automotive, inc. was initially approved for PPP Loan of amount $87,000, the current approved amount is $87,000. The loan was approved on 04/28/2020 by The Heartland Bank and Trust Company reported 4 jobs and $87,000 was used to fund payroll.

Drake automotive, inc. is New Business or 2 years or less

PPP Loan Search / IL / BELLEVILLE / Drake automotive, inc.

DRAKE AUTOMOTIVE, INC.

Date Approved

04/28/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

DRAKE AUTOMOTIVE, INC.

Borrower Address

4101 North BELT West

Borrower City

BELLEVILLE

Borrower State

IL

Borrower Zip

62226-5611

Loan Status Date

03/22/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87000.00

Current Approval Amount

87000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20402

Servicing Lender Name

Heartland Bank and Trust Company

Servicing Lender Address

401 N Hershey Rd

Servicing Lender City

BLOOMINGTON

Servicing Lender State

IL

Servicing Lender Zip

61704-3742

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

BELLEVILLE

Project County Name

SAINT CLAIR

Project State

IL

Project Zip

62226-5611

CD

IL-13

Jobs Reported

4

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

87000.00

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

20402

Originating Lender

Heartland Bank and Trust Company

Originating Lender City

BLOOMINGTON

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

88048.83

Forgiveness Date

07/15/2021

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