PPP Loan information for Modern industries, inc.

$6,702,400

Modern industries, inc. was initially approved for PPP Loan of amount $6,702,400, the current approved amount is $6,702,400. The loan was approved on 04/08/2020 by The Zions Bank, A Division of reported 478 jobs and $6,702,400 was used to fund payroll.

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

PPP Loan Search / AZ / PHOENIX / Modern industries, inc.

MODERN INDUSTRIES, INC.

Date Approved

04/08/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

MODERN INDUSTRIES, INC.

Borrower Address

4747 E Beautiful Ln

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85044-5318

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

6702400.00

Current Approval Amount

6702400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72601

Servicing Lender Name

Zions Bank, A Division of

Servicing Lender Address

1 S Main St

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84133-1109

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85044-5318

CD

AZ-03

Jobs Reported

478

NAICS Code

333242

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

6702400.00

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

72601

Originating Lender

Zions Bank, A Division of

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

6780625.27

Forgiveness Date

06/11/2021

;