# PPP loan: MODERN AMERICAN RECYCLING & REPAIR SERVICES OF ALABAMA, LLC
> **$1.43M** approved 04/16/2020 · Paid in Full · Loan `2504457210`
## Borrower
- **Name:** MODERN AMERICAN RECYCLING & REPAIR SERVICES OF ALABAMA, LLC
- **Address:** 601 SOUTH ROYAL STREET, MOBILE, AL, 36603
- **NAICS:** 423390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.45M (102%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Jobs reported:** 79
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*