PPP Loan information for Modern business computing, inc

$68,062

Modern business computing, inc was initially approved for PPP Loan of amount $68,062, the current approved amount is $68,062. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 6 jobs and $68,062 was used to fund payroll.

Modern business computing, inc is New Business or 2 years or less

PPP Loan Search / IL / ELGIN / Modern business computing, inc

MODERN BUSINESS COMPUTING, INC

Date Approved

05/01/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MODERN BUSINESS COMPUTING, INC

Borrower Address

2050 LARKIN AVE STE 200

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123-5899

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

68062.00

Current Approval Amount

68062.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

ELGIN

Project County Name

KANE

Project State

IL

Project Zip

60123-5899

CD

IL-08

Jobs Reported

6

NAICS Code

541512

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

68062.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

68535.64

Forgiveness Date

01/14/2021

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