PPP Loan information for Modern assemblies ii inc

$48,230

Modern assemblies ii inc was initially approved for PPP Loan of amount $48,230, the current approved amount is $48,230. The loan was approved on 04/14/2020 by The Hometown Community Bank reported 7 jobs and $48,230 was used to fund payroll.

Modern assemblies ii inc is New Business or 2 years or less

PPP Loan Search / MN / New York Mills / Modern assemblies ii inc

MODERN ASSEMBLIES II INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MODERN ASSEMBLIES II INC

Borrower Address

102 North Main

Borrower City

New York Mills

Borrower State

MN

Borrower Zip

56567

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48230.00

Current Approval Amount

48230.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36764

Servicing Lender Name

Hometown Community Bank

Servicing Lender Address

100 E Main St

Servicing Lender City

CYRUS

Servicing Lender State

MN

Servicing Lender Zip

56323-4628

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

New York Mills

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56567-0001

CD

MN-07

Jobs Reported

7

NAICS Code

336612

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

48230.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36764

Originating Lender

Hometown Community Bank

Originating Lender City

CYRUS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

40471.38

Forgiveness Date

11/27/2020

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