# PPP loan: MODERN WATER INC
> **$221K** approved 04/11/2020 · Paid in Full · Loan `2641827101`
## Borrower
- **Name:** MODERN WATER INC
- **Address:** 15 READS WAY Suite 100, NEW CASTLE, DE, 19720-1600
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 8
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*