# PPP loan: MODULAR TRANSPORTATION CO.
> **$2.73M** approved 04/04/2020 · Paid in Full · Loan `4651027002`
## Borrower
- **Name:** MODULAR TRANSPORTATION CO.
- **Address:** 393 MART ST, GRAND RAPIDS, MI, 49548-1014
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.73M
- **Initial approval:** $2.73M
- **Forgiven:** $2.76M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.73M
- **Jobs reported:** 180
## Lender
- **Originating:** Macatawa Bank
- **Servicing:** Macatawa Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*