PPP Loan information for Modern equipment co inc

$562,300

Modern equipment co inc was initially approved for PPP Loan of amount $562,300, the current approved amount is $562,300. The loan was approved on 04/11/2020 by The Berkshire Bank reported 39 jobs and $562,300 was used to fund payroll.

Modern equipment co inc is Existing or more than 2 years old

PPP Loan Search / NJ / BURLINGTON / Modern equipment co inc

MODERN EQUIPMENT CO INC

Date Approved

04/11/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MODERN EQUIPMENT CO INC

Borrower Address

2045 Rote 130 North

Borrower City

BURLINGTON

Borrower State

NJ

Borrower Zip

08016

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

562300.00

Current Approval Amount

562300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33209

Servicing Lender Name

Berkshire Bank

Servicing Lender Address

99 North St

Servicing Lender City

PITTSFIELD

Servicing Lender State

MA

Servicing Lender Zip

01201-5114

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURLINGTON

Project County Name

BURLINGTON

Project State

NJ

Project Zip

08016-0001

CD

NJ-03

Jobs Reported

39

NAICS Code

423850

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

562300.00

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

33209

Originating Lender

Berkshire Bank

Originating Lender City

PITTSFIELD

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

568554.62

Forgiveness Date

06/16/2021

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