# PPP loan: MODERN PROTECTIVE COATINGS, INC.
> **$327K** approved 04/15/2020 · Paid in Full · Loan `8169457100`
## Borrower
- **Name:** MODERN PROTECTIVE COATINGS, INC.
- **Address:** P.O. Box 119, Hudson, NH, 03051
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $131K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Jobs reported:** 12
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*