PPP Loan information for Morse distribution inc

$1,307,027

Morse distribution inc was initially approved for PPP Loan of amount $1,307,027, the current approved amount is $1,307,027. The loan was approved on 01/25/2021 by The Heritage Bank reported 61 jobs and $1,307,027 was used to fund payroll.

Morse distribution inc is Existing or more than 2 years old

PPP Loan Search / WA / Bellingham / Morse distribution inc

MORSE DISTRIBUTION INC

Date Approved

01/25/2021

SBA Office Code

1013

Processing Method

PPS

Borrower Name

MORSE DISTRIBUTION INC

Borrower Address

3006 W Illinois St

Borrower City

Bellingham

Borrower State

WA

Borrower Zip

98225-1572

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1307027.00

Current Approval Amount

1307027.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81191

Servicing Lender Name

Heritage Bank

Servicing Lender Address

201 5th Ave SW

Servicing Lender City

OLYMPIA

Servicing Lender State

WA

Servicing Lender Zip

98501-1063

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bellingham

Project County Name

WHATCOM

Project State

WA

Project Zip

98225-1572

CD

WA-02

Jobs Reported

61

NAICS Code

332312

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1307022.00

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

81191

Originating Lender

Heritage Bank

Originating Lender City

OLYMPIA

Originating Lender State

WA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1314761.74

Forgiveness Date

09/07/2021

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