Modern Industries INC

$561,066 PPP Loan in Iselin, New Jersey

Loan Details

Loan Number
3276137101
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$561,066
Current Approval
$312,983
Forgiveness Amount
$316,234
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Industries INC
Address
555 Route 1 South. Suite 130
City
Iselin
ZIP Code
08830-3179
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (484220)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$312,983

Lender Information

Servicing Lender
Hanover Community Bank
Originating Lender
Hanover Community Bank

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