# PPP loan: MODERNICA GROUP, CORP
> **$171K** approved 04/12/2020 · Paid in Full · Loan `4096907104`
## Borrower
- **Name:** MODERNICA GROUP, CORP
- **Address:** 116 SUITE CALLE B7, GUAYNABO, PR, 00968
- **NAICS:** 443142
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $32K
- **Jobs reported:** 38
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*