# PPP loan: MODERN COMPLIANCE SOLUTIONS INC
> **$217K** approved 04/16/2020 · Paid in Full · Loan `2373587202`
## Borrower
- **Name:** MODERN COMPLIANCE SOLUTIONS INC
- **Address:** 387 S 520 W 115, LINDON, UT, 84042-1962
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $4K
- **Health care:** $50K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*