PPP Loan information for Modern communications inc

$193,750

Modern communications inc was initially approved for PPP Loan of amount $193,750, the current approved amount is $193,750. The loan was approved on 05/01/2020 by The U.S. Bank, National Association reported 13 jobs and $193,750 was used to fund payroll.

Modern communications inc is Existing or more than 2 years old

PPP Loan Search / MO / FENTON / Modern communications inc

MODERN COMMUNICATIONS INC

Date Approved

05/01/2020

SBA Office Code

0768

Processing Method

PPP

Borrower Name

MODERN COMMUNICATIONS INC

Borrower Address

1231 HORAN DR

Borrower City

FENTON

Borrower State

MO

Borrower Zip

63026

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

193750.00

Current Approval Amount

193750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FENTON

Project County Name

SAINT LOUIS

Project State

MO

Project Zip

63026-0001

CD

MO-08

Jobs Reported

13

NAICS Code

541512

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

193750.00

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

194917.88

Forgiveness Date

12/08/2020

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