# PPP loan: MODULAR DEVICES, INC.
> **$368K** approved 04/07/2020 · Paid in Full · Loan `6689287004`
## Borrower
- **Name:** MODULAR DEVICES, INC.
- **Address:** 6678 Guion Road, Indianapolis, IN, 46268-2534
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Jobs reported:** 24
## Lender
- **Originating:** The National Bank of Indianapolis
- **Servicing:** The National Bank of Indianapolis (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*