# PPP loan: MODERN MACHINERY OF BEAVERTON INC.
> **$404K** approved 02/02/2021 · Paid in Full · Loan `1868348400`
## Borrower
- **Name:** MODERN MACHINERY OF BEAVERTON INC.
- **Address:** 3031 Guernsey Rd, Beaverton, MI, 48612-9121
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $404K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*