# PPP loan: MODERN CHINA INC.
> **$227K** approved 04/14/2020 · Paid in Full · Loan `6393217104`
## Borrower
- **Name:** MODERN CHINA INC.
- **Address:** 1525 N Main St, Walnut Creek, CA, 94596-4606
- **NAICS:** 722310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $238K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 2
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*