PPP Loan information for Modern machine & tool, inc.

$212,830

Modern machine & tool, inc. was initially approved for PPP Loan of amount $212,830, the current approved amount is $212,830. The loan was approved on 04/10/2020 by The First Farmers Bank & Trust Co. reported 33 jobs and $212,830 was used to fund payroll.

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

PPP Loan Search / IN / Van Buren / Modern machine & tool, inc.

MODERN MACHINE & TOOL, INC.

Date Approved

04/10/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MODERN MACHINE & TOOL, INC.

Borrower Address

621 S 1st St

Borrower City

Van Buren

Borrower State

IN

Borrower Zip

46991-9701

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212830.00

Current Approval Amount

212830.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23025

Servicing Lender Name

First Farmers Bank & Trust Co.

Servicing Lender Address

123 N Jefferson St

Servicing Lender City

CONVERSE

Servicing Lender State

IN

Servicing Lender Zip

46919

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Van Buren

Project County Name

GRANT

Project State

IN

Project Zip

46991-9701

CD

IN-05

Jobs Reported

33

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

212830.00

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

Subchapter S Corporation

Originating Lender Location Id

23025

Originating Lender

First Farmers Bank & Trust Co.

Originating Lender City

CONVERSE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

213978.70

Forgiveness Date

11/05/2020

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