PPP Loan information for Morel distributions inc.

$52,022

Morel distributions inc. was initially approved for PPP Loan of amount $52,022, the current approved amount is $52,022. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 46 jobs and $52,022 was used to fund payroll.

Morel distributions inc. is New Business or 2 years or less

PPP Loan Search / MD / ACCOKEEK / Morel distributions inc.

MOREL DISTRIBUTIONS INC.

Date Approved

05/01/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MOREL DISTRIBUTIONS INC.

Borrower Address

14020 WHEEL WRIGHT PL

Borrower City

ACCOKEEK

Borrower State

MD

Borrower Zip

20607

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52022.00

Current Approval Amount

52022.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ACCOKEEK

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20607-0001

CD

MD-05

Jobs Reported

46

NAICS Code

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

37022.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

5000

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

52567.22

Forgiveness Date

05/24/2021

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