PPP Loan information for Morrison industries, inc.

$6,598,436

Morrison industries, inc. was initially approved for PPP Loan of amount $6,598,436, the current approved amount is $6,598,436. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 440 jobs and $6,598,436 was used to fund payroll.

Morrison industries, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Morrison industries, inc.

MORRISON INDUSTRIES, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MORRISON INDUSTRIES, INC.

Borrower Address

1825 Monroe Ave NW 0.0

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49505-6240

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

6598436.00

Current Approval Amount

6598436.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49505-6240

CD

MI-03

Jobs Reported

440

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

80000.00

Payroll Proceed

5708813.00

Mortgage Interest Proceed

0.00

Rent Proceed

21851.00

Refinance EIDL Proceed

0.00

Health Care Proceed

787772.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

6200144.60

Forgiveness Date

01/24/2022

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