PPP Loan information for Modern electronics and equipment inc.

$72,600

Modern electronics and equipment inc. was initially approved for PPP Loan of amount $68,400, the current approved amount is $72,600. The loan was approved on 04/03/2020 by The Community Bank of Louisiana reported 7 jobs and $72,600 was used to fund payroll.

Modern electronics and equipment inc. is Existing or more than 2 years old

PPP Loan Search / LA / GRAND CANE / Modern electronics and equipment inc.

MODERN ELECTRONICS AND EQUIPMENT INC.

Date Approved

04/03/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MODERN ELECTRONICS AND EQUIPMENT INC.

Borrower Address

280 INDEPENDENCE AVE

Borrower City

GRAND CANE

Borrower State

LA

Borrower Zip

71032-5171

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

68400.00

Current Approval Amount

72600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28377

Servicing Lender Name

Community Bank of Louisiana

Servicing Lender Address

118 Jefferson St

Servicing Lender City

MANSFIELD

Servicing Lender State

LA

Servicing Lender Zip

71052-2602

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND CANE

Project County Name

DE SOTO

Project State

LA

Project Zip

71032-5171

CD

LA-04

Jobs Reported

7

NAICS Code

423820

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

72600.00

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

28377

Originating Lender

Community Bank of Louisiana

Originating Lender City

MANSFIELD

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

71649.70

Forgiveness Date

11/19/2020

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