# PPP loan: MODACENTRIC CORP
> **$687K** approved 04/11/2020 · Paid in Full · Loan `2975367105`
## Borrower
- **Name:** MODACENTRIC CORP
- **Address:** 5300 NEWPORT DR, ROLLING MEADOWS, IL, 60008-3702
- **NAICS:** 323113
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $687K
- **Initial approval:** $687K
- **Forgiven:** $694K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $687K
- **Jobs reported:** 45
## Lender
- **Originating:** Axiom Bank, National Association
- **Servicing:** Axiom Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*