As part of the Paycheck Protection Program MODERN DISTRIBUTORS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MODERN DISTRIBUTORS, INC


Loan Amount	$1,701,672
BusinessName	MODERN DISTRIBUTORS, INC
Address	817 West Columbia Street
City	SOMERSET
State	KY
Zip	42501
NAICSCode	424940
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	202
DateApproved	04/06/2020
Lender	First Southern National Bank
CD	KY-05
BusinessName.clean	MODERN DISTRIBUTORS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MODERN DOOR EQUIPMENT SALES
MODERN DOOR
MODERN DRY WALL
MODERN ELECTRIC CO
MODERN EQUIPMENT COMPANY