# PPP loan: MODERN RENTALS, INC.
> **$248K** approved 04/08/2020 · Paid in Full · Loan `8494167002`
## Borrower
- **Name:** MODERN RENTALS, INC.
- **Address:** 456 N DOUGLAS ST, RIPON, WI, 54971-2008
- **NAICS:** 532310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 19
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*