# PPP loan: MODULAR DEVICES INC
> **$645K** approved 02/14/2021 · Paid in Full · Loan `8948548403`
## Borrower
- **Name:** MODULAR DEVICES INC
- **Address:** 1 Roned Rd, Shirley, NY, 11967-4706
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $645K
- **Initial approval:** $645K
- **Forgiven:** $649K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $645K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*