# PPP loan: MODERN INDUSTRIES, INC.
> **$6.70M** approved 04/08/2020 · Paid in Full · Loan `8658477009`
## Borrower
- **Name:** MODERN INDUSTRIES, INC.
- **Address:** 4747 E Beautiful Ln, PHOENIX, AZ, 85044-5318
- **NAICS:** 333242
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.70M
- **Initial approval:** $6.70M
- **Forgiven:** $6.78M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $6.70M
- **Jobs reported:** 478
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*