# PPP loan: MODERN FARM EQUIPMENT CORP.
> **$481K** approved 02/10/2021 · Paid in Full · Loan `6173768404`
## Borrower
- **Name:** MODERN FARM EQUIPMENT CORP.
- **Address:** 302 E US Highway 20, Gordon, NE, 69343-1649
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $483K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $481K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** MNB Bank
- **Servicing:** MNB Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*