PPP Loan information for Modern systems, inc.

$279,800

Modern systems, inc. was initially approved for PPP Loan of amount $279,800, the current approved amount is $279,800. The loan was approved on 04/07/2020 by The First Southern National Bank reported 26 jobs and $279,800 was used to fund payroll.

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

PPP Loan Search / KY / SOMERSET / Modern systems, inc.

MODERN SYSTEMS, INC.

Date Approved

04/07/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MODERN SYSTEMS, INC.

Borrower Address

3844 S HIGHWAY 27 # B

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-3075

Loan Status Date

11/30/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279800.00

Current Approval Amount

279800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27159

Servicing Lender Name

First Southern National Bank

Servicing Lender Address

27 Public Sq

Servicing Lender City

LANCASTER

Servicing Lender State

KY

Servicing Lender Zip

40444-1403

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-3075

CD

KY-05

Jobs Reported

26

NAICS Code

561621

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

279800.00

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

27159

Originating Lender

First Southern National Bank

Originating Lender City

LANCASTER

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

281517.13

Forgiveness Date

11/24/2020

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