PPP Loan information for Modern industries inc.

$153,133

Modern industries inc. was initially approved for PPP Loan of amount $153,133, the current approved amount is $153,133. The loan was approved on 03/10/2021 by The The Washington Trust Company of Westerly reported 8 jobs and $153,133 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

03/10/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

MODERN INDUSTRIES INC.

Borrower Address

242 W Exchange St

Borrower City

Providence

Borrower State

RI

Borrower Zip

02903-1025

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

153132.50

Current Approval Amount

153132.50

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

236115

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

153130.50

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

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

154115.10

Forgiveness Date

11/10/2021

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