PPP Loan information for Morrell manufacturing, inc.

$498,300

Morrell manufacturing, inc. was initially approved for PPP Loan of amount $498,300, the current approved amount is $498,300. The loan was approved on 04/06/2020 by The Generations Bank reported 75 jobs and $498,300 was used to fund payroll.

Morrell manufacturing, inc. is Existing or more than 2 years old

PPP Loan Search / AR / ALMA / Morrell manufacturing, inc.

MORRELL MANUFACTURING, INC.

Date Approved

04/06/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MORRELL MANUFACTURING, INC.

Borrower Address

1721 HIGHWAY 71

Borrower City

ALMA

Borrower State

AR

Borrower Zip

72921-7736

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

498300.00

Current Approval Amount

498300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4367

Servicing Lender Name

Generations Bank

Servicing Lender Address

3710 Southern Hills Blvd, Ste 100

Servicing Lender City

ROGERS

Servicing Lender State

AR

Servicing Lender Zip

72758-8093

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

CRAWFORD

Project State

AR

Project Zip

72921-7736

CD

AR-03

Jobs Reported

75

NAICS Code

423910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

62287.50

Payroll Proceed

373725.00

Mortgage Interest Proceed

62287.50

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

4367

Originating Lender

Generations Bank

Originating Lender City

ROGERS

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

502494.03

Forgiveness Date

02/16/2021

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