Drive Engineering Corp.

$354,152 PPP Loan in Blue Bell, Pennsylvania

Loan Details

Loan Number
7521787100
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$354,152
Current Approval
$354,152
Forgiveness Amount
$356,733
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Drive Engineering Corp.
Address
595 Skippack Pike, Suite 400
ZIP Code
19422
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541330)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
PA-04

Loan Use Breakdown

Payroll
$283,322
Rent
$1,968
Utilities
$49,620
Health Care
$19,242

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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