PPP Loan information for Modern machine shop, inc.

$275,400

Modern machine shop, inc. was initially approved for PPP Loan of amount $275,400, the current approved amount is $275,400. The loan was approved on 04/15/2020 by The International Bank of Commerce reported 39 jobs and $275,400 was used to fund payroll.

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

PPP Loan Search / TX / LAREDO / Modern machine shop, inc.

MODERN MACHINE SHOP, INC.

Date Approved

04/15/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

MODERN MACHINE SHOP, INC.

Borrower Address

2000 Blaine St

Borrower City

LAREDO

Borrower State

TX

Borrower Zip

78043

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

275400.00

Current Approval Amount

275400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

70700

Servicing Lender Name

International Bank of Commerce

Servicing Lender Address

1200 San Bernardo Ave

Servicing Lender City

LAREDO

Servicing Lender State

TX

Servicing Lender Zip

78040-6301

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAREDO

Project County Name

WEBB

Project State

TX

Project Zip

78043-0019

CD

TX-28

Jobs Reported

39

NAICS Code

237990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

17800.00

Payroll Proceed

257600.00

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

70700

Originating Lender

International Bank of Commerce

Originating Lender City

LAREDO

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

277763.85

Forgiveness Date

02/26/2021

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