PPP Loan information for Modern molding inc.

$1,060,904

Modern molding inc. was initially approved for PPP Loan of amount $1,060,904, the current approved amount is $1,060,904. The loan was approved on 01/23/2021 by The Minnesota Lakes Bank reported 90 jobs and $1,060,904 was used to fund payroll.

Modern molding inc. is Existing or more than 2 years old

PPP Loan Search / MN / Delano / Modern molding inc.

MODERN MOLDING INC.

Date Approved

01/23/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MODERN MOLDING INC.

Borrower Address

796 7th St S

Borrower City

Delano

Borrower State

MN

Borrower Zip

55328-8607

Loan Status Date

04/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1060904.00

Current Approval Amount

1060904.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36775

Servicing Lender Name

Minnesota Lakes Bank

Servicing Lender Address

710 Babcock Blvd East

Servicing Lender City

DELANO

Servicing Lender State

MN

Servicing Lender Zip

55328-8602

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Delano

Project County Name

WRIGHT

Project State

MN

Project Zip

55328-8607

CD

MN-06

Jobs Reported

90

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1060902.00

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

36775

Originating Lender

Minnesota Lakes Bank

Originating Lender City

DELANO

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1072249.78

Forgiveness Date

02/23/2022

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