# PPP loan: MODERN OIL COMPANY INC
> **$363K** approved 04/14/2020 · Paid in Full · Loan `7302817107`
## Borrower
- **Name:** MODERN OIL COMPANY INC
- **Address:** 39103 MacArthur St, SHAWNEE, OK, 74804-2481
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Utilities:** $36K
- **Jobs reported:** 64
## Lender
- **Originating:** Vision Bank
- **Servicing:** Vision Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*