# PPP loan: MODERN SYSTEMS, INC.
> **$280K** approved 04/07/2020 · Paid in Full · Loan `6936077009`
## Borrower
- **Name:** MODERN SYSTEMS, INC.
- **Address:** 3844 S HIGHWAY 27 # B, SOMERSET, KY, 42501-3075
- **NAICS:** 561621
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 26
## Lender
- **Originating:** First Southern National Bank
- **Servicing:** First Southern National Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*