# PPP loan: MODERN PACKAGING, INC.
> **$1.41M** approved 04/15/2020 · Paid in Full · Loan `1239487201`
## Borrower
- **Name:** MODERN PACKAGING, INC.
- **Address:** 505 ACORN ST, DEER PARK, NY, 11729-3601
- **NAICS:** 333993
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $937K (67%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.41M
- **Jobs reported:** 97
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*