PPP Loan information for Morgan lumber company

$1,086,000

Morgan lumber company was initially approved for PPP Loan of amount $1,086,000, the current approved amount is $1,086,000. The loan was approved on 04/09/2020 by The Select Bank reported 118 jobs and $1,086,000 was used to fund payroll.

Morgan lumber company is Existing or more than 2 years old

PPP Loan Search / VA / RED OAK / Morgan lumber company

MORGAN LUMBER COMPANY

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MORGAN LUMBER COMPANY

Borrower Address

65 Jeb Stuart Highway

Borrower City

RED OAK

Borrower State

VA

Borrower Zip

23964-3077

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1086000.00

Current Approval Amount

1086000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED OAK

Project County Name

CHARLOTTE

Project State

VA

Project Zip

23964-3077

CD

VA-05

Jobs Reported

118

NAICS Code

423310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1086000.00

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

Subchapter S Corporation

Originating Lender Location Id

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1098109.64

Forgiveness Date

06/02/2021

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