PPP Loan information for Modern machine co.

$341,900

Modern machine co. was initially approved for PPP Loan of amount $341,900, the current approved amount is $341,900. The loan was approved on 04/03/2020 by The 1st State Bank reported 23 jobs and $341,900 was used to fund payroll.

Modern machine co. is Existing or more than 2 years old

PPP Loan Search / MI / BAY CITY / Modern machine co.

MODERN MACHINE CO.

Date Approved

04/03/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MODERN MACHINE CO.

Borrower Address

1111 S. WATER ST

Borrower City

BAY CITY

Borrower State

MI

Borrower Zip

48708-7069

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

341900.00

Current Approval Amount

341900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BAY CITY

Project County Name

BAY

Project State

MI

Project Zip

48708-7069

CD

MI-08

Jobs Reported

23

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

31900.00

Payroll Proceed

304500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

5500

Business Type

Corporation

Originating Lender Location Id

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

343846.93

Forgiveness Date

11/05/2020

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