# PPP loan: MODULAR ROBOTICS INCORPORATED
> **$245K** approved 04/15/2020 · Paid in Full · Loan `9489617104`
## Borrower
- **Name:** MODULAR ROBOTICS INCORPORATED
- **Address:** 1860 38th Street, Boulder, CO, 80301
- **NAICS:** 339930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $217K (88%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Rent:** $26K
- **Utilities:** $2K
- **Jobs reported:** 15
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*