# PPP loan: MODERN MARKETING CONCEPTS, INC.
> **$2.81M** approved 04/15/2020 · Paid in Full · Loan `8178657103`
## Borrower
- **Name:** MODERN MARKETING CONCEPTS, INC.
- **Address:** 29 Industrial Park Drive, Binghamton, NY, 13904
- **NAICS:** 541870
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.81M
- **Initial approval:** $2.81M
- **Forgiven:** $2.84M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.44M
- **Rent:** $110K
- **Utilities:** $15K
- **Health care:** $220K
- **Debt interest:** $26K
- **Jobs reported:** 191
## 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*