# PPP loan: MODERN BUSINESS MACHINES INC. DBA MBM TECHNOLOGY SOLUTIONS
> **$480K** approved 04/15/2020 · Paid in Full · Loan `1774757201`
## Borrower
- **Name:** MODERN BUSINESS MACHINES INC. DBA MBM TECHNOLOGY SOLUTIONS
- **Address:** 375 ROBBINS DRIVE, TROY, MI, 48083
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $22K
- **Utilities:** $8K
- **Health care:** $40K
- **Debt interest:** $9K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*