# PPP loan: MODERN HOLDINGS, INC.
> **$7.96M** approved 04/03/2020 · Paid in Full · Loan `4414267000`
## Borrower
- **Name:** MODERN HOLDINGS, INC.
- **Address:** 500 Walford Rd SW, CEDAR RAPIDS, IA, 52404-8921
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.96M
- **Initial approval:** $7.96M
- **Forgiven:** $8.06M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.96M
- **Jobs reported:** 381
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*