PPP Loan information for Morphic corp

$91,835

Morphic corp was initially approved for PPP Loan of amount $91,835, the current approved amount is $91,835. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 5 jobs and $91,835 was used to fund payroll.

Morphic corp is New Business or 2 years or less

MORPHIC CORP

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MORPHIC CORP

Borrower Address

757 RIDGEWOOD AVE

Borrower City

NORTH BRUNSWICK

Borrower State

NJ

Borrower Zip

08902-2255

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

91835.00

Current Approval Amount

91835.00

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

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

NORTH BRUNSWICK

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08902-2255

CD

NJ-12

Jobs Reported

5

NAICS Code

236220

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

91835.00

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

90877.20

Forgiveness Date

03/10/2021

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