PPP Loan information for Modern machine works, inc

$268,000

Modern machine works, inc was initially approved for PPP Loan of amount $268,000, the current approved amount is $268,000. The loan was approved on 04/05/2020 by The Bravera Bank reported 21 jobs and $268,000 was used to fund payroll.

Modern machine works, inc is Existing or more than 2 years old

PPP Loan Search / ND / BISMARCK / Modern machine works, inc

MODERN MACHINE WORKS, INC

Date Approved

04/05/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MODERN MACHINE WORKS, INC

Borrower Address

921 E Front Ave

Borrower City

BISMARCK

Borrower State

ND

Borrower Zip

58504-5650

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

268000.00

Current Approval Amount

268000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52678

Servicing Lender Name

Bravera Bank

Servicing Lender Address

220 1st Ave West

Servicing Lender City

DICKINSON

Servicing Lender State

ND

Servicing Lender Zip

58601-5104

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BISMARCK

Project County Name

BURLEIGH

Project State

ND

Project Zip

58504-5650

CD

ND-

Jobs Reported

21

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

268000.00

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

52678

Originating Lender

Bravera Bank

Originating Lender City

DICKINSON

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

269490.52

Forgiveness Date

11/03/2020

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