PPP Loan information for Drasco corp

$69,248

Drasco corp was initially approved for PPP Loan of amount $69,248, the current approved amount is $69,248. The loan was approved on 03/03/2021 by The BankNewport reported 17 jobs and $69,248 was used to fund payroll.

Drasco corp is Existing or more than 2 years old

PPP Loan Search / RI / Warwick / Drasco corp

DRASCO CORP

Date Approved

03/03/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

DRASCO CORP

Borrower Address

336 Bald Hill Rd

Borrower City

Warwick

Borrower State

RI

Borrower Zip

02886-1630

Loan Status Date

02/09/2023

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

69247.50

Current Approval Amount

69247.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Warwick

Project County Name

KENT

Project State

RI

Project Zip

02886-1630

CD

RI-02

Jobs Reported

17

NAICS Code

722511

Race

Asian

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

69245.50

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

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

70535.69

Forgiveness Date

01/13/2023

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