# PPP loan: DRAKE LIGHTING, INC.
> **$157K** approved 04/27/2020 · Paid in Full · Loan `5251387207`
## Borrower
- **Name:** DRAKE LIGHTING, INC.
- **Address:** 1209 COMPRESSOR DRIVE, MAYFIELD, KY, 42066-0029
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Utilities:** $12K
- **Health care:** $15K
- **Debt interest:** $12K
- **Jobs reported:** 17
## Lender
- **Originating:** Community Financial Services Bank
- **Servicing:** Community Financial Services Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*