PPP Loan information for Modern electric, inc.

$73,750

Modern electric, inc. was initially approved for PPP Loan of amount $73,750, the current approved amount is $73,750. The loan was approved on 04/27/2020 by The Santander Bank, National Association reported 9 jobs and $73,750 was used to fund payroll.

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

PPP Loan Search / MA / Wilmington / Modern electric, inc.

MODERN ELECTRIC, INC.

Date Approved

04/27/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MODERN ELECTRIC, INC.

Borrower Address

190R Main St Ste 8

Borrower City

Wilmington

Borrower State

MA

Borrower Zip

01887

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

73750.00

Current Approval Amount

73750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84894

Servicing Lender Name

Santander Bank, National Association

Servicing Lender Address

824 N Market St, Ste 100

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-4937

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01887-0001

CD

MA-06

Jobs Reported

9

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

73750.00

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

84894

Originating Lender

Santander Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

74481.44

Forgiveness Date

04/29/2021

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