PPP Loan information for Driveco, inc

$886,555

Driveco, inc was initially approved for PPP Loan of amount $886,555, the current approved amount is $886,555. The loan was approved on 04/06/2020 by The First Merchants Bank reported 77 jobs and $886,555 was used to fund payroll.

Driveco, inc is Existing or more than 2 years old

PPP Loan Search / IN / FORT WAYNE / Driveco, inc

DRIVECO, INC

Date Approved

04/06/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

DRIVECO, INC

Borrower Address

5031 Industrial Rd,

Borrower City

FORT WAYNE

Borrower State

IN

Borrower Zip

46825-5213

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

886555.00

Current Approval Amount

886555.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FORT WAYNE

Project County Name

ALLEN

Project State

IN

Project Zip

46825-5213

CD

IN-03

Jobs Reported

77

NAICS Code

484220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

886555.00

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

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

892068.64

Forgiveness Date

11/30/2020

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