# PPP loan: MODERN INDUSTRIES, INC.,
> **$2.06M** approved 04/14/2020 · Paid in Full · Loan `5739317103`
## Borrower
- **Name:** MODERN INDUSTRIES, INC.,
- **Address:** 613 West 11TH ST, ERIE, PA, 16501-1503
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $2.09M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.06M
- **Jobs reported:** 195
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*