PPP Loan information for Drake machine and manufacturing company inc.

$43,000

Drake machine and manufacturing company inc. was initially approved for PPP Loan of amount $43,000, the current approved amount is $43,000. The loan was approved on 03/10/2021 by The United Community Bank reported 2 jobs and $43,000 was used to fund payroll.

Drake machine and manufacturing company inc. is Existing or more than 2 years old

PPP Loan Search / AL / Bessemer / Drake machine and manufacturing company inc.

DRAKE MACHINE AND MANUFACTURING COMPANY INC.

Date Approved

03/10/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

DRAKE MACHINE AND MANUFACTURING COMPANY INC.

Borrower Address

1595 Highway 150

Borrower City

Bessemer

Borrower State

AL

Borrower Zip

35022-4039

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

43000.00

Current Approval Amount

43000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bessemer

Project County Name

JEFFERSON

Project State

AL

Project Zip

35022-4039

CD

AL-07

Jobs Reported

2

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

42999.00

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

Sole Proprietorship

Originating Lender Location Id

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

43243.67

Forgiveness Date

10/06/2021

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