Modern Metals Recycling LLC

$362,900 PPP Loan in Baton Rouge, Louisiana

Loan Details

Loan Number
3394407100
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$362,900
Current Approval
$362,900
Forgiveness Amount
$365,692
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Metals Recycling LLC
Address
5800 One Perkins Place Dr Ste 6a
ZIP Code
70808-9107
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Wholesale Trade (423930)
Business Age
New Business or 2 years or less
Jobs Reported
28
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
LA-06

Loan Use Breakdown

Payroll
$246,900
Rent
$66,000
Utilities
$20,000
Debt Interest
$30,000

Lender Information

Servicing Lender
Hancock Whitney Bank
Originating Lender
Hancock Whitney Bank

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