# PPP loan: MODERN MATERIALS CORPORATION
> **$152K** approved 02/12/2021 · Paid in Full · Loan `7860778403`
## Borrower
- **Name:** MODERN MATERIALS CORPORATION
- **Address:** 30 Bernhard Rd, North Haven, CT, 06473-3905
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 21
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*