PPP Loan information for Drive system design, inc.

$631,300

Drive system design, inc. was initially approved for PPP Loan of amount $631,300, the current approved amount is $631,300. The loan was approved on 05/02/2020 by The JPMorgan Chase Bank, National Association reported 27 jobs and $631,300 was used to fund payroll.

Drive system design, inc. is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON / Drive system design, inc.

DRIVE SYSTEM DESIGN, INC.

Date Approved

05/02/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DRIVE SYSTEM DESIGN, INC.

Borrower Address

37655 Interchange Drive

Borrower City

FARMINGTON

Borrower State

MI

Borrower Zip

48335

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

631300.00

Current Approval Amount

631300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON

Project County Name

OAKLAND

Project State

MI

Project Zip

48335-0899

CD

MI-11

Jobs Reported

27

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3350.00

Payroll Proceed

561159.00

Mortgage Interest Proceed

0.00

Rent Proceed

20065.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30000.00

Debt Interest Proceed

16726

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

637607.04

Forgiveness Date

05/10/2021

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