PPP Loan information for Modern densifying inc

$240,600

Modern densifying inc was initially approved for PPP Loan of amount $315,000, the current approved amount is $240,600. The loan was approved on 04/08/2020 by The Dogwood State Bank reported 34 jobs and $240,600 was used to fund payroll.

Modern densifying inc is Existing or more than 2 years old

PPP Loan Search / NC / SHELBY / Modern densifying inc

MODERN DENSIFYING INC

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MODERN DENSIFYING INC

Borrower Address

662 Plato Lee Road

Borrower City

SHELBY

Borrower State

NC

Borrower Zip

28150-7769

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

315000.00

Current Approval Amount

240600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

233057

Servicing Lender Name

Dogwood State Bank

Servicing Lender Address

5401 Six Forks Rd

Servicing Lender City

RALEIGH

Servicing Lender State

NC

Servicing Lender Zip

27609-4462

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHELBY

Project County Name

CLEVELAND

Project State

NC

Project Zip

28150-7769

CD

NC-10

Jobs Reported

34

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

240600.00

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

233057

Originating Lender

Dogwood State Bank

Originating Lender City

RALEIGH

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

241996.82

Forgiveness Date

11/12/2020

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