# PPP loan: MODERN SIGNS LLC
> **$156K** approved 01/25/2021 · Paid in Full · Loan `5401768304`
## Borrower
- **Name:** MODERN SIGNS LLC
- **Address:** 869 Commerce Dr, Gulf Shores, AL, 36542-2816
- **NAICS:** 561421
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Merchants & Marine Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*