# PPP loan: MODUS ADVANCED, INC.
> **$1.13M** approved 04/14/2020 · Exemption 4 · Loan `6333817105`
## Borrower
- **Name:** MODUS ADVANCED, INC.
- **Address:** 1575 Greenville Road, Livermore, CA, 94550
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $861K (76%)
- **Forgiveness date:** 01/28/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.13M
- **Jobs reported:** 52
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*