PPP Loan information for Modernistic, inc.

$1,346,100

Modernistic, inc. was initially approved for PPP Loan of amount $1,357,900, the current approved amount is $1,346,100. The loan was approved on 04/03/2020 by The Platinum Bank reported 109 jobs and $1,346,100 was used to fund payroll.

Modernistic, inc. is Existing or more than 2 years old

PPP Loan Search / MN / STILLWATER / Modernistic, inc.

MODERNISTIC, INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MODERNISTIC, INC.

Borrower Address

1987 Industrial Blvd

Borrower City

STILLWATER

Borrower State

MN

Borrower Zip

55082-6049

Loan Status Date

03/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1357900.00

Current Approval Amount

1346100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

446001

Servicing Lender Name

Platinum Bank

Servicing Lender Address

7667 10th St N

Servicing Lender City

OAKDALE

Servicing Lender State

MN

Servicing Lender Zip

55128-5339

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STILLWATER

Project County Name

WASHINGTON

Project State

MN

Project Zip

55082-6049

CD

MN-04

Jobs Reported

109

NAICS Code

323111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1346100.00

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

446001

Originating Lender

Platinum Bank

Originating Lender City

OAKDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1357458.87

Forgiveness Date

02/11/2021

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