# PPP loan: MODERN AUTO COMPANY, INC.
> **$540K** approved 04/03/2020 · Paid in Full · Loan `4373387004`
## Borrower
- **Name:** MODERN AUTO COMPANY, INC.
- **Address:** 6224 HIGHWAY 100, WASHINGTON, MO, 63090-6465
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 44
## Lender
- **Originating:** Bank of Franklin County
- **Servicing:** Bank of Franklin County (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*