PPP Loan information for Modern industries inc.

$2,000,000

Modern industries inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/25/2021 by The KeyBank National Association reported 163 jobs and $2,000,000 was used to fund payroll.

Modern industries inc. is Existing or more than 2 years old

PPP Loan Search / PA / Erie / Modern industries inc.

MODERN INDUSTRIES INC.

Date Approved

03/25/2021

SBA Office Code

0358

Processing Method

PPS

Borrower Name

MODERN INDUSTRIES INC.

Borrower Address

613 W 11th St

Borrower City

Erie

Borrower State

PA

Borrower Zip

16501-1503

Loan Status Date

08/02/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

56102

Servicing Lender Name

KeyBank National Association

Servicing Lender Address

127 Public Sq

Servicing Lender City

CLEVELAND

Servicing Lender State

OH

Servicing Lender Zip

44114-1217

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Erie

Project County Name

ERIE

Project State

PA

Project Zip

16501-1503

CD

PA-16

Jobs Reported

163

NAICS Code

336390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

Subchapter S Corporation

Originating Lender Location Id

56102

Originating Lender

KeyBank National Association

Originating Lender City

CLEVELAND

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2023178.08

Forgiveness Date

06/14/2022

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