PPP Loan information for Modern heating & cooling inc.

$134,847

Modern heating & cooling inc. was initially approved for PPP Loan of amount $134,847, the current approved amount is $134,847. The loan was approved on 04/05/2020 by The Cherokee State Bank reported 10 jobs and $134,847 was used to fund payroll.

Modern heating & cooling inc. is Existing or more than 2 years old

PPP Loan Search / IA / CHEROKEE / Modern heating & cooling inc.

MODERN HEATING & COOLING INC.

Date Approved

04/05/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MODERN HEATING & COOLING INC.

Borrower Address

109 S Sioux St

Borrower City

CHEROKEE

Borrower State

IA

Borrower Zip

51012-2006

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

134847.00

Current Approval Amount

134847.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24759

Servicing Lender Name

Cherokee State Bank

Servicing Lender Address

212 W Willow St

Servicing Lender City

CHEROKEE

Servicing Lender State

IA

Servicing Lender Zip

51012-1857

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHEROKEE

Project County Name

CHEROKEE

Project State

IA

Project Zip

51012-2006

CD

IA-04

Jobs Reported

10

NAICS Code

238220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

134847.00

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

Subchapter S Corporation

Originating Lender Location Id

24759

Originating Lender

Cherokee State Bank

Originating Lender City

CHEROKEE

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

136036.61

Forgiveness Date

03/03/2021

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