PPP Loan information for Modern development company

$612,626

Modern development company was initially approved for PPP Loan of amount $612,626, the current approved amount is $612,626. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 87 jobs and $612,626 was used to fund payroll.

Modern development company is Existing or more than 2 years old

PPP Loan Search / CA / COSTA MESA / Modern development company

MODERN DEVELOPMENT COMPANY

Date Approved

05/01/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

MODERN DEVELOPMENT COMPANY

Borrower Address

3146 REDHILL AVENUE SUITE 220

Borrower City

COSTA MESA

Borrower State

CA

Borrower Zip

92626

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

612626.00

Current Approval Amount

612626.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COSTA MESA

Project County Name

ORANGE

Project State

CA

Project Zip

92626-0002

CD

CA-47

Jobs Reported

87

NAICS Code

561990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

612626.00

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

Housing Co-op

Originating Lender Location Id

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

620967.78

Forgiveness Date

09/23/2021

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