PPP Loan information for Morellis distributing inc

$554,500

Morellis distributing inc was initially approved for PPP Loan of amount $554,500, the current approved amount is $554,500. The loan was approved on 04/15/2020 by The First International Bank & Trust reported 55 jobs and $554,500 was used to fund payroll.

Morellis distributing inc is Existing or more than 2 years old

PPP Loan Search / ND / MINOT / Morellis distributing inc

MORELLIS DISTRIBUTING INC

Date Approved

04/15/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MORELLIS DISTRIBUTING INC

Borrower Address

6000 Highway 2 E

Borrower City

MINOT

Borrower State

ND

Borrower Zip

58701-9317

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

554500.00

Current Approval Amount

554500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52970

Servicing Lender Name

First International Bank & Trust

Servicing Lender Address

100 N Main St

Servicing Lender City

WATFORD CITY

Servicing Lender State

ND

Servicing Lender Zip

58854

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINOT

Project County Name

WARD

Project State

ND

Project Zip

58701-9317

CD

ND-

Jobs Reported

55

NAICS Code

424820

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

554500.00

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

Subchapter S Corporation

Originating Lender Location Id

52970

Originating Lender

First International Bank & Trust

Originating Lender City

WATFORD CITY

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

561246.42

Forgiveness Date

07/07/2021

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