PPP Loan information for Drake enterprises inc.

$1,268,600

Drake enterprises inc. was initially approved for PPP Loan of amount $1,268,600, the current approved amount is $1,268,600. The loan was approved on 01/27/2021 by The CIBC Bank USA reported 113 jobs and $1,268,600 was used to fund payroll.

Drake enterprises inc. is Existing or more than 2 years old

PPP Loan Search / MI / Clinton Township / Drake enterprises inc.

DRAKE ENTERPRISES INC.

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DRAKE ENTERPRISES INC.

Borrower Address

24800 Capital Blvd

Borrower City

Clinton Township

Borrower State

MI

Borrower Zip

48036-1351

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1268600.00

Current Approval Amount

1268600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Clinton Township

Project County Name

MACOMB

Project State

MI

Project Zip

48036-1351

CD

MI-10

Jobs Reported

113

NAICS Code

336350

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1268598.00

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

Subchapter S Corporation

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1285004.91

Forgiveness Date

05/24/2022

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