PPP Loan information for Modern distributors, inc.

$1,701,672

Modern distributors, inc. was initially approved for PPP Loan of amount $1,701,672, the current approved amount is $1,701,672. The loan was approved on 04/06/2020 by The First Southern National Bank reported 202 jobs and $1,701,672 was used to fund payroll.

Modern distributors, inc. is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / Modern distributors, inc.

MODERN DISTRIBUTORS, INC.

Date Approved

04/06/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MODERN DISTRIBUTORS, INC.

Borrower Address

817 West Columbia Street

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-1729

Loan Status Date

05/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1701672.00

Current Approval Amount

1701672.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27159

Servicing Lender Name

First Southern National Bank

Servicing Lender Address

27 Public Sq

Servicing Lender City

LANCASTER

Servicing Lender State

KY

Servicing Lender Zip

40444-1403

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-1729

CD

KY-05

Jobs Reported

202

NAICS Code

424940

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1701672.00

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

27159

Originating Lender

First Southern National Bank

Originating Lender City

LANCASTER

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

935060.96

Forgiveness Date

05/13/2021

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