# PPP loan: MODERN HOME PRODUCTS INC
> **$295K** approved 04/14/2020 · Paid in Full · Loan `6405057102`
## Borrower
- **Name:** MODERN HOME PRODUCTS INC
- **Address:** 150 S RAM RD, ANTIOCH, IL, 60002-1936
- **NAICS:** 335220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $37K
- **Utilities:** $37K
- **Jobs reported:** 25
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*