# PPP loan: DRAKE-SCRUGGS EQUIPMENT INC
> **$515K** approved 04/06/2020 · Paid in Full · Loan `5774697009`
## Borrower
- **Name:** DRAKE-SCRUGGS EQUIPMENT INC
- **Address:** 2000 S DIRKSEN PKWY, SPRINGFIELD, IL, 62703-4554
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Jobs reported:** 52
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*