PPP Loan information for Modern tractor company inc.

$53,388

Modern tractor company inc. was initially approved for PPP Loan of amount $53,388, the current approved amount is $53,388. The loan was approved on 01/21/2021 by The Coastal Bank & Trust reported 6 jobs and $53,388 was used to fund payroll.

Modern tractor company inc. is Existing or more than 2 years old

MODERN TRACTOR COMPANY INC.

Date Approved

01/21/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MODERN TRACTOR COMPANY INC.

Borrower Address

110 E Hargett St

Borrower City

Richlands

Borrower State

NC

Borrower Zip

28574-8175

Loan Status Date

03/26/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53388.38

Current Approval Amount

53388.38

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

463909

Servicing Lender Name

Coastal Bank & Trust

Servicing Lender Address

2414 N Marine Blvd

Servicing Lender City

JACKSONVILLE

Servicing Lender State

NC

Servicing Lender Zip

28546-6907

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Richlands

Project County Name

ONSLOW

Project State

NC

Project Zip

28574-8175

CD

NC-03

Jobs Reported

6

NAICS Code

423820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53386.38

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

463909

Originating Lender

Coastal Bank & Trust

Originating Lender City

JACKSONVILLE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

53634.56

Forgiveness Date

07/14/2021

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