Modern Equipment Co INC

$562,300 PPP Loan in Burlington, New Jersey

Loan Details

Loan Number
3158377102
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$562,300
Current Approval
$562,300
Forgiveness Amount
$568,555
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Equipment Co INC
Address
2045 Rote 130 North
ZIP Code
08016
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423850)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$11.9M
Rural/Urban
Urban
Congressional District
NJ-03

Loan Use Breakdown

Payroll
$562,300

Lender Information

Servicing Lender
Berkshire Bank
Originating Lender
Berkshire Bank

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