Date Approved
04/06/2020
SBA Office Code
0459
Processing Method
PPP
Borrower Name
JL MORGAN & ASSOCIATES, INC.
Borrower Address
7057 MEADOWLARK DR
Borrower City
BIRMINGHAM
Borrower State
AL
Borrower Zip
35242-5342
Loan Status Date
06/05/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
386500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
434138
Servicing Lender Name
ServisFirst Bank
Servicing Lender Address
2500 Woodcrest Place
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
35209-1374
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SHELBY
Project State
Project Zip
CD
AL-06
Jobs Reported
73
NAICS Code
519130
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
20800.00
Payroll Proceed
343300.00
Mortgage Interest Proceed
8000.00
Rent Proceed
14400.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
390676.35
Forgiveness Date
05/12/2021