PPP Loan information for Modern manufacturing & engineering, inc.

$2,392,100

Modern manufacturing & engineering, inc. was initially approved for PPP Loan of amount $2,392,100, the current approved amount is $2,392,100. The loan was approved on 04/11/2020 by The Bremer Bank, National Association reported 183 jobs and $2,392,100 was used to fund payroll.

Modern manufacturing & engineering, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Modern manufacturing & engineering, inc.

MODERN MANUFACTURING & ENGINEERING, INC.

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MODERN MANUFACTURING & ENGINEERING, INC.

Borrower Address

9380 Winnetka Ave North

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55445-1617

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2392100.00

Current Approval Amount

2392100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55445-1617

CD

MN-03

Jobs Reported

183

NAICS Code

332710

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2392100.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2419756.61

Forgiveness Date

06/14/2021

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