PPP Loan information for Modern collision center

$78,995

Modern collision center was initially approved for PPP Loan of amount $78,995, the current approved amount is $78,995. The loan was approved on 04/29/2020 by The Square Capital, LLC reported 3 jobs and $78,995 was used to fund payroll.

Modern collision center is Existing or more than 2 years old

MODERN COLLISION CENTER

Date Approved

04/29/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MODERN COLLISION CENTER

Borrower Address

57 NEW SALEM ST

Borrower City

WAKEFIELD

Borrower State

MA

Borrower Zip

01880

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

78995.00

Current Approval Amount

78995.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

529050

Servicing Lender Name

Square Capital, LLC

Servicing Lender Address

1455 Market Street, Suite 600

Servicing Lender City

San Francisco

Servicing Lender State

CA

Servicing Lender Zip

94103

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAKEFIELD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01880-0001

CD

MA-06

Jobs Reported

3

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9499.37

Payroll Proceed

56996.25

Mortgage Interest Proceed

9499.38

Rent Proceed

0.00

Refinance EIDL Proceed

3000.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

223542

Originating Lender

Celtic Bank Corporation

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

79797.94

Forgiveness Date

05/10/2021

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