PPP Loan information for Modern systems inc

$279,800

Modern systems inc was initially approved for PPP Loan of amount $279,800, the current approved amount is $279,800. The loan was approved on 04/10/2020 by The Truist Bank reported 25 jobs and $279,800 was used to fund payroll.

Modern systems inc is Existing or more than 2 years old

PPP Loan Search / NC / YADKINVILLE / Modern systems inc

MODERN SYSTEMS INC

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MODERN SYSTEMS INC

Borrower Address

1111 OLD STAGE RD

Borrower City

YADKINVILLE

Borrower State

NC

Borrower Zip

27055-6727

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279800.00

Current Approval Amount

279800.00

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

YADKINVILLE

Project County Name

YADKIN

Project State

NC

Project Zip

27055-6727

CD

NC-05

Jobs Reported

25

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

279800.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

282170.53

Forgiveness Date

02/24/2021

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