PPP Loan information for Morgan distributing, inc

$885,600

Morgan distributing, inc was initially approved for PPP Loan of amount $885,600, the current approved amount is $885,600. The loan was approved on 04/08/2020 by The Commerce Bank reported 70 jobs and $885,600 was used to fund payroll.

Morgan distributing, inc is Existing or more than 2 years old

PPP Loan Search / IL / DECATUR / Morgan distributing, inc

MORGAN DISTRIBUTING, INC

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MORGAN DISTRIBUTING, INC

Borrower Address

3425 N 22nd St

Borrower City

DECATUR

Borrower State

IL

Borrower Zip

62526-2107

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

885600.00

Current Approval Amount

885600.00

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

DECATUR

Project County Name

MACON

Project State

IL

Project Zip

62526-2107

CD

IL-13

Jobs Reported

70

NAICS Code

424710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

885600.00

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

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

897162.00

Forgiveness Date

07/29/2021

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