PPP Loan information for Morgal machine tool co.

$1,043,652

Morgal machine tool co. was initially approved for PPP Loan of amount $1,043,652, the current approved amount is $1,043,652. The loan was approved on 04/08/2020 by The The Park National Bank reported 87 jobs and $1,043,652 was used to fund payroll.

Morgal machine tool co. is Existing or more than 2 years old

PPP Loan Search / OH / SPRINGFIELD / Morgal machine tool co.

MORGAL MACHINE TOOL CO.

Date Approved

04/08/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

MORGAL MACHINE TOOL CO.

Borrower Address

2100 S YELLOW SPRINGS ST

Borrower City

SPRINGFIELD

Borrower State

OH

Borrower Zip

45506-3354

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1043652.00

Current Approval Amount

1043652.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57912

Servicing Lender Name

The Park National Bank

Servicing Lender Address

50 N Third St

Servicing Lender City

NEWARK

Servicing Lender State

OH

Servicing Lender Zip

43055-5523

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

CLARK

Project State

OH

Project Zip

45506-3354

CD

OH-10

Jobs Reported

87

NAICS Code

336370

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

41120.00

Payroll Proceed

933708.00

Mortgage Interest Proceed

33704.00

Rent Proceed

35120.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

57912

Originating Lender

The Park National Bank

Originating Lender City

NEWARK

Originating Lender State

OH

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1050028.28

Forgiveness Date

12/03/2020

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