PPP Loan information for Drake-scruggs equipment inc

$515,200

Drake-scruggs equipment inc was initially approved for PPP Loan of amount $515,200, the current approved amount is $515,200. The loan was approved on 04/06/2020 by The United Community Bank reported 52 jobs and $515,200 was used to fund payroll.

Drake-scruggs equipment inc is Existing or more than 2 years old

PPP Loan Search / IL / SPRINGFIELD / Drake-scruggs equipment inc

DRAKE-SCRUGGS EQUIPMENT INC

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

DRAKE-SCRUGGS EQUIPMENT INC

Borrower Address

2000 S DIRKSEN PKWY

Borrower City

SPRINGFIELD

Borrower State

IL

Borrower Zip

62703-4554

Loan Status Date

02/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

515200.00

Current Approval Amount

515200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20465

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 N Main St

Servicing Lender City

CHATHAM

Servicing Lender State

IL

Servicing Lender Zip

62629-1019

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

SANGAMON

Project State

IL

Project Zip

62703-4554

CD

IL-13

Jobs Reported

52

NAICS Code

441228

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

515200.00

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

20465

Originating Lender

United Community Bank

Originating Lender City

CHATHAM

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

518090.84

Forgiveness Date

11/03/2020

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