# PPP loan: MODERN MUFFLER INC.
> **$172K** approved 04/03/2020 · Paid in Full · Loan `4571517007`
## Borrower
- **Name:** MODERN MUFFLER INC.
- **Address:** 1402 S JEFFERS ST, NORTH PLATTE, NE, 69101-6039
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $12K
- **Utilities:** $6K
- **Jobs reported:** 23
## Lender
- **Originating:** NebraskaLand Bank
- **Servicing:** NebraskaLand Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*