# PPP loan: MODERN DEVELOPMENT COMPANY
> **$613K** approved 05/01/2020 · Paid in Full · Loan `3878027710`
## Borrower
- **Name:** MODERN DEVELOPMENT COMPANY
- **Address:** 3146 REDHILL AVENUE SUITE 220, COSTA MESA, CA, 92626
- **NAICS:** 561990
- **Business type:** Housing Co-op
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $613K
- **Initial approval:** $613K
- **Forgiven:** $621K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $613K
- **Jobs reported:** 87
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*