# PPP loan: DRAKE PLASTICS LTD. CO.
> **$516K** approved 04/27/2020 · Paid in Full · Loan `3578297207`
## Borrower
- **Name:** DRAKE PLASTICS LTD. CO.
- **Address:** 14869 Grant Road, CYPRESS, TX, 77429-1353
- **NAICS:** 325991
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $516K
- **Jobs reported:** 52
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*