# PPP loan: MODERN TIMES, INC.
> **$319K** approved 04/13/2020 · Paid in Full · Loan `5158217110`
## Borrower
- **Name:** MODERN TIMES, INC.
- **Address:** 1892 E. ALTADENA DR, ALTADENA, CA, 91001-2147
- **NAICS:** 541820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $319K
- **Initial approval:** $319K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Rent:** $10K
- **Utilities:** $2K
- **Health care:** $21K
- **Jobs reported:** 21
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*