# PPP loan: MODAS SYSTEMS, INC.
> **$213K** approved 04/30/2020 · Charged Off · Loan `6101167308`
## Borrower
- **Name:** MODAS SYSTEMS, INC.
- **Address:** 11450 Pagemill Road, Dallas, TX, 75243
- **NAICS:** 517911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $126K (59%)
- **Forgiveness date:** 06/29/2022
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $213K
- **Jobs reported:** 9
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*