# PPP loan: MODERN-TEC MANUFACTURING, INC.
> **$371K** approved 04/15/2020 · Paid in Full · Loan `1142687206`
## Borrower
- **Name:** MODERN-TEC MANUFACTURING, INC.
- **Address:** 4935 Lockport Road, Lockport, NY, 14094
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Jobs reported:** 33
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*