PPP Loan information for Morton electric motors llc

$24,358

Morton electric motors llc was initially approved for PPP Loan of amount $24,358, the current approved amount is $24,358. The loan was approved on 03/30/2021 by The Fulton Bank, National Association reported 3 jobs and $24,358 was used to fund payroll.

Morton electric motors llc is Existing or more than 2 years old

PPP Loan Search / DE / Lewes / Morton electric motors llc

MORTON ELECTRIC MOTORS LLC

Date Approved

03/30/2021

SBA Office Code

0341

Processing Method

PPP

Borrower Name

MORTON ELECTRIC MOTORS LLC

Borrower Address

16867 Kings Hwy Null

Borrower City

Lewes

Borrower State

DE

Borrower Zip

19958-4783

Loan Status Date

08/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

24358.00

Current Approval Amount

24358.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lewes

Project County Name

SUSSEX

Project State

DE

Project Zip

19958-4783

CD

DE-

Jobs Reported

3

NAICS Code

812990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

24356.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24680.33

Forgiveness Date

07/28/2022

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