Modern Design, LLC

$511,100 PPP Loan in Cologne, Minnesota

Loan Details

Loan Number
4777197002
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$511,100
Current Approval
$546,400
Forgiveness Amount
$549,527
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Design, LLC
Address
209 Paul Ave S
ZIP Code
55322-4300
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (337110)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$11.8M
Rural/Urban
Urban
Congressional District
MN-06

Loan Use Breakdown

Payroll
$444,180
Rent
$76,665
Utilities
$25,555

Lender Information

Servicing Lender
Citizens State Bank Norwood Young America
Originating Lender
Citizens State Bank Norwood Young America

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