Drake Electric LLC

$20,800 PPP Loan in Blockton, Iowa

Loan Details

Loan Number
5605717208
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$20,800
Current Approval
$20,800
Forgiveness Amount
$20,916
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Drake Electric LLC
Address
1034 280th St
State
Iowa
ZIP Code
50836-8821
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
2
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$16,640
Utilities
$1,040
Mortgage Interest
$3,120

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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