PPP Loan information for Morabito baking co inc

$1,636,255

Morabito baking co inc was initially approved for PPP Loan of amount $1,220,740, the current approved amount is $1,636,255. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 115 jobs and $1,636,255 was used to fund payroll.

Morabito baking co inc is New Business or 2 years or less

PPP Loan Search / PA / NORRISTOWN / Morabito baking co inc

MORABITO BAKING CO INC

Date Approved

05/03/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

MORABITO BAKING CO INC

Borrower Address

757 KOHN ST

Borrower City

NORRISTOWN

Borrower State

PA

Borrower Zip

19401-3739

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1220740.00

Current Approval Amount

1636255.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

NORRISTOWN

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19401-3739

CD

PA-05

Jobs Reported

115

NAICS Code

311812

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1636255.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1655172.80

Forgiveness Date

07/15/2021

;