# PPP loan: DRAKE PRECISION DENTAL LABORATORY INC
> **$1.21M** approved 04/03/2021 · Paid in Full · Loan `6051808710`
## Borrower
- **Name:** DRAKE PRECISION DENTAL LABORATORY INC
- **Address:** 8510 Crown Crescent Ct, Charlotte, NC, 28227-7733
- **NAICS:** 339116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $1
- **Jobs reported:** 100
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*