Drake-Scruggs Equipment INC

$515,200 PPP Loan in Springfield, Illinois

Loan Details

Loan Number
5774697009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$515,200
Current Approval
$515,200
Forgiveness Amount
$518,091
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Drake-Scruggs Equipment INC
Address
2000 S Dirksen Pkwy
ZIP Code
62703-4554
Business Type
Corporation
Industry (NAICS)
Retail Trade (441228)
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$13.6M
Rural/Urban
Urban
Congressional District
IL-13

Loan Use Breakdown

Payroll
$515,200

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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