PPP Loan information for Modern materials inc

$193,615

Modern materials inc was initially approved for PPP Loan of amount $193,615, the current approved amount is $193,615. The loan was approved on 01/26/2021 by The KeyBank National Association reported 35 jobs and $193,615 was used to fund payroll.

Modern materials inc is Existing or more than 2 years old

PPP Loan Search / IN / Rochester / Modern materials inc

MODERN MATERIALS INC

Date Approved

01/26/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MODERN MATERIALS INC

Borrower Address

435 N State Road 25

Borrower City

Rochester

Borrower State

IN

Borrower Zip

46975-9700

Loan Status Date

03/24/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

193615.00

Current Approval Amount

193615.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

56102

Servicing Lender Name

KeyBank National Association

Servicing Lender Address

127 Public Sq

Servicing Lender City

CLEVELAND

Servicing Lender State

OH

Servicing Lender Zip

44114-1217

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rochester

Project County Name

FULTON

Project State

IN

Project Zip

46975-9700

CD

IN-02

Jobs Reported

35

NAICS Code

332812

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

193614.00

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

56102

Originating Lender

KeyBank National Association

Originating Lender City

CLEVELAND

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

195609.50

Forgiveness Date

02/23/2022

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