PPP Loan information for Drace construction corp

$549,860

Drace construction corp was initially approved for PPP Loan of amount $549,860, the current approved amount is $549,860. The loan was approved on 04/01/2021 by The Hancock Whitney Bank reported 32 jobs and $549,860 was used to fund payroll.

Drace construction corp is Existing or more than 2 years old

PPP Loan Search / MS / Ocean Springs / Drace construction corp

DRACE CONSTRUCTION CORP

Date Approved

04/01/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

DRACE CONSTRUCTION CORP

Borrower Address

922 Porter Ave Ste 100

Borrower City

Ocean Springs

Borrower State

MS

Borrower Zip

39564-4610

Loan Status Date

08/02/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

549860.00

Current Approval Amount

549860.00

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

Ocean Springs

Project County Name

JACKSON

Project State

MS

Project Zip

39564-4610

CD

MS-04

Jobs Reported

32

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

549856.00

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

557145.65

Forgiveness Date

07/28/2022

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