PPP Loan information for Drace construction corporation

$667,700

Drace construction corporation was initially approved for PPP Loan of amount $667,700, the current approved amount is $667,700. The loan was approved on 04/12/2020 by The Hancock Whitney Bank reported 36 jobs and $667,700 was used to fund payroll.

Drace construction corporation is Existing or more than 2 years old

PPP Loan Search / MS / LONG BEACH / Drace construction corporation

DRACE CONSTRUCTION CORPORATION

Date Approved

04/12/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

DRACE CONSTRUCTION CORPORATION

Borrower Address

407 MEADOW WOOD CIRCLE

Borrower City

LONG BEACH

Borrower State

MS

Borrower Zip

39560-4618

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

667700.00

Current Approval Amount

667700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LONG BEACH

Project County Name

HARRISON

Project State

MS

Project Zip

39560-4618

CD

MS-04

Jobs Reported

36

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

667700.00

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

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

674302.81

Forgiveness Date

04/08/2021

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