# PPP loan: MODERN INDUSTRIES INC.
> **$634K** approved 02/23/2021 · Paid in Full · Loan `3100038501`
## Borrower
- **Name:** MODERN INDUSTRIES INC.
- **Address:** 3275 W Pasadena Ave, Flint, MI, 48504-2329
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $638K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $634K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*