# PPP loan: MODULAR TECHNICAL SERVICE, INC.
> **$271K** approved 04/11/2020 · Paid in Full · Loan `3409867102`
## Borrower
- **Name:** MODULAR TECHNICAL SERVICE, INC.
- **Address:** 28672 Holiday Place, ELKHART, IN, 46517-1111
- **NAICS:** 316998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $271K
- **Jobs reported:** 32
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*