PPP Loan information for Modern manufacturing inc. of worcester

$212,000

Modern manufacturing inc. of worcester was initially approved for PPP Loan of amount $212,000, the current approved amount is $212,000. The loan was approved on 01/20/2021 by The Cornerstone Bank reported 16 jobs and $212,000 was used to fund payroll.

Modern manufacturing inc. of worcester is Existing or more than 2 years old

PPP Loan Search / MA / Rochdale / Modern manufacturing inc. of worcester

MODERN MANUFACTURING INC. OF WORCESTER

Date Approved

01/20/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MODERN MANUFACTURING INC. OF WORCESTER

Borrower Address

82 Huntoon Memorial Hwy

Borrower City

Rochdale

Borrower State

MA

Borrower Zip

01542-1307

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

212000.00

Current Approval Amount

212000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33352

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

230 Park Ave

Servicing Lender City

WORCESTER

Servicing Lender State

MA

Servicing Lender Zip

01609-1918

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rochdale

Project County Name

WORCESTER

Project State

MA

Project Zip

01542-1307

CD

MA-02

Jobs Reported

16

NAICS Code

238150

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

211997.00

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

214108.22

Forgiveness Date

01/21/2022

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