PPP Loan information for Drake welding services, inc.

$30,400

Drake welding services, inc. was initially approved for PPP Loan of amount $30,400, the current approved amount is $30,400. The loan was approved on 04/28/2020 by The TowneBank reported 3 jobs and $30,400 was used to fund payroll.

Drake welding services, inc. is Existing or more than 2 years old

PPP Loan Search / VA / PORTSMOUTH / Drake welding services, inc.

DRAKE WELDING SERVICES, INC.

Date Approved

04/28/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

DRAKE WELDING SERVICES, INC.

Borrower Address

202 Monitor Road

Borrower City

PORTSMOUTH

Borrower State

VA

Borrower Zip

23707

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

30400.00

Current Approval Amount

30400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTSMOUTH

Project County Name

PORTSMOUTH CITY

Project State

VA

Project Zip

23707-0001

CD

VA-03

Jobs Reported

3

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

30400.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

30650.80

Forgiveness Date

02/23/2021

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