PPP Loan information for Morre-tec industries inc.

$480,425

Morre-tec industries inc. was initially approved for PPP Loan of amount $480,425, the current approved amount is $480,425. The loan was approved on 05/01/2020 by The Cross River Bank reported 28 jobs and $480,425 was used to fund payroll.

Morre-tec industries inc. is Existing or more than 2 years old

PPP Loan Search / NJ / UNION / Morre-tec industries inc.

MORRE-TEC INDUSTRIES INC.

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MORRE-TEC INDUSTRIES INC.

Borrower Address

1 GARY RD

Borrower City

UNION

Borrower State

NJ

Borrower Zip

07083

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

480425.00

Current Approval Amount

480425.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

UNION

Project County Name

UNION

Project State

NJ

Project Zip

07083-0001

CD

NJ-10

Jobs Reported

28

NAICS Code

424690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

480425.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

485663.61

Forgiveness Date

06/16/2021

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