# PPP loan: MODERN METAL MASTERS, INC
> **$197K** approved 05/01/2020 · Exemption 4 · Loan `8382697700`
## Borrower
- **Name:** MODERN METAL MASTERS, INC
- **Address:** 2326 MAGNOLIA ST E, PHOENIX, AZ, 85034
- **NAICS:** 332323
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $175K (89%)
- **Forgiveness date:** 02/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 20
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*