# PPP loan: MODERN INK CORP
> **$228K** approved 04/16/2020 · Paid in Full · Loan `2435087201`
## Borrower
- **Name:** MODERN INK CORP
- **Address:** 102 W. Commercial Ave, MOONACHIE, NJ, 07074-1704
- **NAICS:** 315990
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $232K (102%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 48
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*