PPP Loan information for Morpac industries inc

$487,597

Morpac industries inc was initially approved for PPP Loan of amount $423,155, the current approved amount is $487,597. The loan was approved on 04/11/2020 by The Commencement Bank reported 44 jobs and $487,597 was used to fund payroll.

Morpac industries inc is Existing or more than 2 years old

PPP Loan Search / WA / PACIFIC / Morpac industries inc

MORPAC INDUSTRIES INC

Date Approved

04/11/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

MORPAC INDUSTRIES INC

Borrower Address

117 FRONTAGE RD N #A

Borrower City

PACIFIC

Borrower State

WA

Borrower Zip

98047-1052

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

423155.00

Current Approval Amount

487597.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

444842

Servicing Lender Name

Commencement Bank

Servicing Lender Address

1102 Commerce St, Ste 100

Servicing Lender City

TACOMA

Servicing Lender State

WA

Servicing Lender Zip

98402-4376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PACIFIC

Project County Name

KING

Project State

WA

Project Zip

98047-1052

CD

WA-08

Jobs Reported

44

NAICS Code

335999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

487597.00

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

444842

Originating Lender

Commencement Bank

Originating Lender City

TACOMA

Originating Lender State

WA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

491294.61

Forgiveness Date

01/20/2021

;