# PPP loan: MODERN BUILDERS, INC.
> **$861K** approved 04/08/2020 · Paid in Full · Loan `7983767001`
## Borrower
- **Name:** MODERN BUILDERS, INC.
- **Address:** 201 Main Street, JANESVILLE, IA, 50647-7734
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $861K
- **Initial approval:** $861K
- **Forgiven:** $869K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $861K
- **Jobs reported:** 88
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*