# PPP loan: MODERN VACATIONS INC
> **$179K** approved 04/11/2020 · Paid in Full · Loan `3345007102`
## Borrower
- **Name:** MODERN VACATIONS INC
- **Address:** 1011 Highway 6 S  Ste 111, HOUSTON, TX, 77077
- **NAICS:** 561510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $182K (102%)
- **Forgiveness date:** 03/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $134K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 18
## Lender
- **Originating:** First Source Federal Credit Union
- **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*