PPP Loan information for Modern foundations inc.

$653,578

Modern foundations inc. was initially approved for PPP Loan of amount $653,578, the current approved amount is $653,578. The loan was approved on 04/06/2020 by The First National Bank of Pennsylvania reported 58 jobs and $653,578 was used to fund payroll.

Modern foundations inc. is Existing or more than 2 years old

PPP Loan Search / MD / WOODBINE / Modern foundations inc.

MODERN FOUNDATIONS INC.

Date Approved

04/06/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MODERN FOUNDATIONS INC.

Borrower Address

7860 KABIK CT Suite A

Borrower City

WOODBINE

Borrower State

MD

Borrower Zip

21797-9100

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

653577.50

Current Approval Amount

653577.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60275

Servicing Lender Name

First National Bank of Pennsylvania

Servicing Lender Address

166 Main St

Servicing Lender City

GREENVILLE

Servicing Lender State

PA

Servicing Lender Zip

16125-2146

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WOODBINE

Project County Name

CARROLL

Project State

MD

Project Zip

21797-9100

CD

MD-03

Jobs Reported

58

NAICS Code

238110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

653577.50

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

60275

Originating Lender

First National Bank of Pennsylvania

Originating Lender City

GREENVILLE

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

659683.53

Forgiveness Date

03/29/2021

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