# PPP loan: DRAKE ENTERPRISES INC.
> **$1.27M** approved 01/27/2021 · Paid in Full · Loan `6822708300`
## Borrower
- **Name:** DRAKE ENTERPRISES INC.
- **Address:** 24800 Capital Blvd, Clinton Township, MI, 48036-1351
- **NAICS:** 336350
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Utilities:** $1
- **Jobs reported:** 113
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*