PPP Loan information for Modern machine tool co.

$241,250

Modern machine tool co. was initially approved for PPP Loan of amount $241,250, the current approved amount is $241,250. The loan was approved on 01/17/2021 by The County National Bank reported 18 jobs and $241,250 was used to fund payroll.

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

PPP Loan Search / MI / Jackson / Modern machine tool co.

MODERN MACHINE TOOL CO.

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MODERN MACHINE TOOL CO.

Borrower Address

2005 Losey Ave

Borrower City

Jackson

Borrower State

MI

Borrower Zip

49203-3443

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

241250.00

Current Approval Amount

241250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35318

Servicing Lender Name

County National Bank

Servicing Lender Address

One S Howell St

Servicing Lender City

HILLSDALE

Servicing Lender State

MI

Servicing Lender Zip

49242-1811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Jackson

Project County Name

JACKSON

Project State

MI

Project Zip

49203-3443

CD

MI-05

Jobs Reported

18

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

241248.00

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

35318

Originating Lender

County National Bank

Originating Lender City

HILLSDALE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

242563.47

Forgiveness Date

08/11/2021

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