PPP Loan information for Morelli heating and air conditioning inc

Date Approved

04/13/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

MORELLI HEATING AND AIR CONDITIONING INC

Borrower Address

2470 Faber Rd

Borrower City

North Charleston

Borrower State

SC

Borrower Zip

29405

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

478000.00

Current Approval Amount

478000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Charleston

Project County Name

CHARLESTON

Project State

SC

Project Zip

29405-0001

CD

SC-06

Jobs Reported

40

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3500.00

Payroll Proceed

417638.00

Mortgage Interest Proceed

0.00

Rent Proceed

16400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40462.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

124102

Originating Lender

First Reliance Bank

Originating Lender City

FLORENCE

Originating Lender State

SC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

482229.97

Forgiveness Date

03/10/2021