PPP Loan information for Drive time inc

$53,187

Drive time inc was initially approved for PPP Loan of amount $53,187, the current approved amount is $53,187. The loan was approved on 01/21/2021 by The Summit Community Bank, Inc. reported 23 jobs and $53,187 was used to fund payroll.

Drive time inc is Existing or more than 2 years old

PPP Loan Search / MD / Salisbury / Drive time inc

DRIVE TIME INC

Date Approved

01/21/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

DRIVE TIME INC

Borrower Address

810 Beaglin Park Dr Ste 9

Borrower City

Salisbury

Borrower State

MD

Borrower Zip

21804-9119

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53187.15

Current Approval Amount

53187.15

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Salisbury

Project County Name

WICOMICO

Project State

MD

Project Zip

21804-9119

CD

MD-01

Jobs Reported

23

NAICS Code

611692

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53184.15

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

53565.37

Forgiveness Date

10/06/2021

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