# PPP loan: MODULAR SYSTEMS, INC
> **$276K** approved 04/13/2020 · Paid in Full · Loan `5589937105`
## Borrower
- **Name:** MODULAR SYSTEMS, INC
- **Address:** 7652 E Greenway Rd, Suite 113, Scottsdale, AZ, 85260-1704
- **NAICS:** 484210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Jobs reported:** 30
## Lender
- **Originating:** MidFirst Bank
- **Servicing:** MidFirst Bank (OK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*