# PPP loan: MODERN ELECTRICAL SOLUTIONS INC
> **$326K** approved 03/17/2021 · Paid in Full · Loan `3755328604`
## Borrower
- **Name:** MODERN ELECTRICAL SOLUTIONS INC
- **Address:** 738 University Ave W Ste 2, Saint Paul, MN, 55104-4803
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $326K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Metropolitan Economic Development Association
- **Servicing:** Metropolitan Economic Development Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*