PPP Loan information for Modus engineering ltd

$935,100

Modus engineering ltd was initially approved for PPP Loan of amount $935,100, the current approved amount is $935,100. The loan was approved on 04/11/2020 by The Home State Bank reported 52 jobs and $935,100 was used to fund payroll.

Modus engineering ltd is Existing or more than 2 years old

PPP Loan Search / IA / WATERLOO / Modus engineering ltd

MODUS ENGINEERING LTD

Date Approved

04/11/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MODUS ENGINEERING LTD

Borrower Address

214 E. 4th St.

Borrower City

WATERLOO

Borrower State

IA

Borrower Zip

50703-4702

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

935100.00

Current Approval Amount

935100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25122

Servicing Lender Name

Home State Bank

Servicing Lender Address

115 W State St

Servicing Lender City

JEFFERSON

Servicing Lender State

IA

Servicing Lender Zip

50129-1911

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERLOO

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50703-4702

CD

IA-02

Jobs Reported

52

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

935100.00

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

25122

Originating Lender

Home State Bank

Originating Lender City

JEFFERSON

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

942324.61

Forgiveness Date

01/25/2021

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