Drain Enterprises, INC

$651,600 PPP Loan in Scottsboro, Alabama

Loan Details

Loan Number
4727117002
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$651,600
Current Approval
$651,600
Forgiveness Amount
$656,053
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Drain Enterprises, INC
Address
825 S Broad St
State
Alabama
ZIP Code
35768-2259
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Franchise
Hardee's
Business Age
Existing or more than 2 years old
Jobs Reported
135
Estimated Revenue
$24.0M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$488,700
Rent
$92,180
Utilities
$70,720

Lender Information

Servicing Lender
Peoples Independent Bank
Originating Lender
Peoples Independent Bank

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