PPP Loan information for Modern empire, inc

$288,750

Modern empire, inc was initially approved for PPP Loan of amount $288,750, the current approved amount is $288,750. The loan was approved on 04/14/2020 by The Fulton Bank, National Association reported 20 jobs and $288,750 was used to fund payroll.

Modern empire, inc is Existing or more than 2 years old

PPP Loan Search / NJ / Paterson / Modern empire, inc

MODERN EMPIRE, INC

Date Approved

04/14/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MODERN EMPIRE, INC

Borrower Address

1-11 Morris St

Borrower City

Paterson

Borrower State

NJ

Borrower Zip

07501

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

288750.00

Current Approval Amount

288750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Paterson

Project County Name

PASSAIC

Project State

NJ

Project Zip

07501-1000

CD

NJ-09

Jobs Reported

20

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

72187.50

Payroll Proceed

216562.50

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

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

290418.33

Forgiveness Date

11/27/2020

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