PPP Loan information for Modern welding company, inc.

$5,823,195

Modern welding company, inc. was initially approved for PPP Loan of amount $5,823,195, the current approved amount is $5,823,195. The loan was approved on 04/07/2020 by The Independence Bank of Kentucky reported 419 jobs and $5,823,195 was used to fund payroll.

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

PPP Loan Search / KY / OWENSBORO / Modern welding company, inc.

MODERN WELDING COMPANY, INC.

Date Approved

04/07/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MODERN WELDING COMPANY, INC.

Borrower Address

2880 NEW HARTFORD RD

Borrower City

OWENSBORO

Borrower State

KY

Borrower Zip

42303-1321

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5823195.22

Current Approval Amount

5823195.22

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27217

Servicing Lender Name

Independence Bank of Kentucky

Servicing Lender Address

2425 Frederica St

Servicing Lender City

OWENSBORO

Servicing Lender State

KY

Servicing Lender Zip

42301-5437

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OWENSBORO

Project County Name

DAVIESS

Project State

KY

Project Zip

42303-1321

CD

KY-02

Jobs Reported

419

NAICS Code

333992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5823195.22

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

27217

Originating Lender

Independence Bank of Kentucky

Originating Lender City

OWENSBORO

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5891318.63

Forgiveness Date

06/11/2021

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