Drain Properties, INC

$83,400 PPP Loan in Scottsboro, Alabama

Loan Details

Loan Number
4782007007
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$83,400
Current Approval
$83,400
Forgiveness Amount
$83,970
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Drain Properties, 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
19
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$62,550
Utilities
$12,500
Mortgage Interest
$8,350

Lender Information

Servicing Lender
Peoples Independent Bank
Originating Lender
Peoples Independent Bank

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