PPP Loan information for Modern business machines inc.

$457,442

Modern business machines inc. was initially approved for PPP Loan of amount $457,442, the current approved amount is $457,442. The loan was approved on 04/22/2021 by The JPMorgan Chase Bank, National Association reported 31 jobs and $457,442 was used to fund payroll.

Modern business machines inc. is Existing or more than 2 years old

PPP Loan Search / MI / Troy / Modern business machines inc.

MODERN BUSINESS MACHINES INC.

Date Approved

04/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MODERN BUSINESS MACHINES INC.

Borrower Address

375 Robbins Dr

Borrower City

Troy

Borrower State

MI

Borrower Zip

48083-4561

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

457442.00

Current Approval Amount

457442.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Troy

Project County Name

OAKLAND

Project State

MI

Project Zip

48083-4561

CD

MI-11

Jobs Reported

31

NAICS Code

541512

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

457439.00

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

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

459372.15

Forgiveness Date

09/29/2021

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