PPP Loan information for Drain enterprises, inc

$651,600

Drain enterprises, inc was initially approved for PPP Loan of amount $651,600, the current approved amount is $651,600. The loan was approved on 04/04/2020 by The Peoples Independent Bank reported 135 jobs and $651,600 was used to fund payroll.

Drain enterprises, inc is Existing or more than 2 years old

PPP Loan Search / AL / SCOTTSBORO / Drain enterprises, inc

DRAIN ENTERPRISES, INC

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

DRAIN ENTERPRISES, INC

Borrower Address

825 S BROAD ST

Borrower City

SCOTTSBORO

Borrower State

AL

Borrower Zip

35768-2259

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

651600.00

Current Approval Amount

651600.00

Undisbursed Amount

0.00

Franchise Name

Hardee's

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SCOTTSBORO

Project County Name

JACKSON

Project State

AL

Project Zip

35768-2259

CD

AL-05

Jobs Reported

135

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

70720.00

Payroll Proceed

488700.00

Mortgage Interest Proceed

0.00

Rent Proceed

92180.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

656052.60

Forgiveness Date

12/09/2020

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