PPP Loan information for Modern industries, inc.

$153,132

Modern industries, inc. was initially approved for PPP Loan of amount $153,132, the current approved amount is $153,132. The loan was approved on 04/10/2020 by The The Washington Trust Company of Westerly reported 8 jobs and $153,132 was used to fund payroll.

Modern industries, inc. is Existing or more than 2 years old

PPP Loan Search / RI / PROVIDENCE / Modern industries, inc.

MODERN INDUSTRIES, INC.

Date Approved

04/10/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

MODERN INDUSTRIES, INC.

Borrower Address

242 West EXCHANGE ST

Borrower City

PROVIDENCE

Borrower State

RI

Borrower Zip

02903-1025

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

153132.00

Current Approval Amount

153132.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65777

Servicing Lender Name

The Washington Trust Company of Westerly

Servicing Lender Address

23 Broad St

Servicing Lender City

WESTERLY

Servicing Lender State

RI

Servicing Lender Zip

02891-1879

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PROVIDENCE

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02903-1025

CD

RI-02

Jobs Reported

8

NAICS Code

337110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

153132.00

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

65777

Originating Lender

The Washington Trust Company of Westerly

Originating Lender City

WESTERLY

Originating Lender State

RI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

154416.61

Forgiveness Date

02/25/2021

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