Modern Holdings, Inc.

$7,955,000 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
4414267000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$7,955,000
Current Approval
$7,955,000
Forgiveness Amount
$8,057,089
Forgiveness Date
Jul 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Holdings, Inc.
Address
500 Walford Rd SW
State
Iowa
ZIP Code
52404-8921
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
381
Estimated Revenue
$120.5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$7,955,000

Lender Information

Servicing Lender
Farmers & Merchants Savings Bank
Originating Lender
Farmers & Merchants Savings Bank

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