PPP Loan information for Drasc inc

$606,847

Drasc inc was initially approved for PPP Loan of amount $606,847, the current approved amount is $606,847. The loan was approved on 04/14/2020 by The The Park National Bank reported 46 jobs and $606,847 was used to fund payroll.

Drasc inc is Existing or more than 2 years old

DRASC INC

Date Approved

04/14/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

DRASC INC

Borrower Address

1083 Ragersville Rd NW

Borrower City

SUGARCREEK

Borrower State

OH

Borrower Zip

44681-7988

Loan Status Date

09/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

606847.00

Current Approval Amount

606847.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57912

Servicing Lender Name

The Park National Bank

Servicing Lender Address

50 N Third St

Servicing Lender City

NEWARK

Servicing Lender State

OH

Servicing Lender Zip

43055-5523

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUGARCREEK

Project County Name

TUSCARAWAS

Project State

OH

Project Zip

44681-7988

CD

OH-12

Jobs Reported

46

NAICS Code

484220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

557847.00

Mortgage Interest Proceed

0.00

Rent Proceed

21000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

23000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

57912

Originating Lender

The Park National Bank

Originating Lender City

NEWARK

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

614777.58

Forgiveness Date

08/19/2021

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