PPP Loan information for Modern transportation and logistics corp

$119,780

Modern transportation and logistics corp was initially approved for PPP Loan of amount $119,780, the current approved amount is $119,780. The loan was approved on 04/11/2020 by The Hanover Community Bank reported 8 jobs and $119,780 was used to fund payroll.

Modern transportation and logistics corp is New Business or 2 years or less

PPP Loan Search / NJ / Iselin / Modern transportation and logistics corp

MODERN TRANSPORTATION AND LOGISTICS CORP

Date Approved

04/11/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MODERN TRANSPORTATION AND LOGISTICS CORP

Borrower Address

555 Route 1 South Suite 130

Borrower City

Iselin

Borrower State

NJ

Borrower Zip

08830

Loan Status Date

05/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

119780.17

Current Approval Amount

119780.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

462816

Servicing Lender Name

Hanover Community Bank

Servicing Lender Address

80 East Jericho Turnpike

Servicing Lender City

Mineola

Servicing Lender State

NY

Servicing Lender Zip

11501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Iselin

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08830-0001

CD

NJ-06

Jobs Reported

8

NAICS Code

484220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

119780.17

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

462816

Originating Lender

Hanover Community Bank

Originating Lender City

Mineola

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

120948.03

Forgiveness Date

04/12/2021

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