# PPP loan: MODOTECH INC
> **$161K** approved 05/06/2020 · Paid in Full · Loan `2973747402`
## Borrower
- **Name:** MODOTECH INC
- **Address:** 1465 North Miller Drive, Colton, CA, 92324
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $126K (78%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 3 months
## Use of funds
- **Payroll:** $161K
- **Jobs reported:** 30
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*