Modern Equipment Co INC

$473,625 PPP Loan in Burlington, New Jersey

Loan Details

Loan Number
9286128400
Date Approved
Feb 16, 2021
Loan Status
Paid in Full
Initial Approval
$473,625
Current Approval
$473,625
Forgiveness Amount
$480,437
Forgiveness Date
Aug 2, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Modern Equipment Co INC
Address
2045 Route 130 N
ZIP Code
08016-9729
Business Type
Corporation
Industry (NAICS)
Manufacturing (337215)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
NJ-03

Loan Use Breakdown

Payroll
$473,622
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Northeast Bank

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