# PPP loan: MODERN MACHINE SHOP, INC.
> **$275K** approved 04/15/2020 · Paid in Full · Loan `1472857201`
## Borrower
- **Name:** MODERN MACHINE SHOP, INC.
- **Address:** 2000 Blaine St, LAREDO, TX, 78043
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Utilities:** $18K
- **Jobs reported:** 39
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*