PPP Loan information for Modern machine & tool company inc

$494,038

Modern machine & tool company inc was initially approved for PPP Loan of amount $494,038, the current approved amount is $494,038. The loan was approved on 04/08/2021 by The Truist Bank reported 34 jobs and $494,038 was used to fund payroll.

Modern machine & tool company inc is Existing or more than 2 years old

PPP Loan Search / VA / Newport News / Modern machine & tool company inc

MODERN MACHINE & TOOL COMPANY INC

Date Approved

04/08/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

MODERN MACHINE & TOOL COMPANY INC

Borrower Address

11844 Jefferson Ave

Borrower City

Newport News

Borrower State

VA

Borrower Zip

23606-2506

Loan Status Date

03/03/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

494037.50

Current Approval Amount

494037.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport News

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23606-2506

CD

VA-03

Jobs Reported

34

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

494037.50

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

498250.54

Forgiveness Date

02/17/2022

;