# PPP loan: MODERN AMERICAN RECYCLING & REPAIR SERVICES OF ALABAMA LLC
> **$1.10M** approved 03/30/2021 · Exemption 4 · Loan `2607118702`
## Borrower
- **Name:** MODERN AMERICAN RECYCLING & REPAIR SERVICES OF ALABAMA LLC
- **Address:** 601 S Royal St, Mobile, AL, 36603-2114
- **NAICS:** 423390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.10M
- **Utilities:** $1
- **Jobs reported:** 79
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*