# PPP loan: DRAKE-STATE AIR, INC
> **$298K** approved 04/14/2020 · Paid in Full · Loan `5785507102`
## Borrower
- **Name:** DRAKE-STATE AIR, INC
- **Address:** 1417 MAIN ST E, EATON, OH, 45320
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $261K (88%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 28
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*