PPP Loan information for Morrell administrative company inc

$263,500

Morrell administrative company inc was initially approved for PPP Loan of amount $263,500, the current approved amount is $263,500. The loan was approved on 04/07/2020 by The The Bank of Elk River reported 28 jobs and $263,500 was used to fund payroll.

Morrell administrative company inc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Morrell administrative company inc

MORRELL ADMINISTRATIVE COMPANY INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MORRELL ADMINISTRATIVE COMPANY INC

Borrower Address

10752 171ST AVE

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-6323

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

263500.00

Current Approval Amount

263500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38030

Servicing Lender Name

The Bank of Elk River

Servicing Lender Address

630 Main St

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1503

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK RIVER

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-6323

CD

MN-06

Jobs Reported

28

NAICS Code

484220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

263500.00

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

38030

Originating Lender

The Bank of Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

265499.71

Forgiveness Date

01/20/2021

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