Date Approved
02/06/2021
SBA Office Code
0507
Processing Method
PPS
Borrower Name
MORGAN DISTRIBUTING INC
Borrower Address
3424 N 22nd Street
Borrower City
Decatur
Borrower State
IL
Borrower Zip
62526
Loan Status Date
01/20/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
1036900.82
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
40781
Servicing Lender Name
Commerce Bank
Servicing Lender Address
1000 Walnut St, 11th Fl
Servicing Lender City
KANSAS CITY
Servicing Lender State
MO
Servicing Lender Zip
64106-2107
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MACON
Project State
Project Zip
CD
IL-13
Jobs Reported
74
NAICS Code
424710
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Unanswered
Veteran
Non Profit
Forgiveness Amount
1045743.28
Forgiveness Date
12/16/2021