# PPP loan: MODERN MOLDING, INC.
> **$850K** approved 04/13/2020 · Paid in Full · Loan `4589397104`
## Borrower
- **Name:** MODERN MOLDING, INC.
- **Address:** 796  7TH ST, DELANO, MN, 55328-8607
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $857K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $811K
- **Health care:** $39K
- **Jobs reported:** 84
## Lender
- **Originating:** Minnesota Lakes Bank
- **Servicing:** Minnesota Lakes Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*