PPP Loan information for Morsi automotive corp

$35,000

Morsi automotive corp was initially approved for PPP Loan of amount $35,000, the current approved amount is $35,000. The loan was approved on 04/29/2020 by The Fulton Bank, National Association reported 3 jobs and $35,000 was used to fund payroll.

Morsi automotive corp is Existing or more than 2 years old

PPP Loan Search / DE / New Castle / Morsi automotive corp

MORSI AUTOMOTIVE CORP

Date Approved

04/29/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

MORSI AUTOMOTIVE CORP

Borrower Address

3700 N. Dupont Hwy

Borrower City

New Castle

Borrower State

DE

Borrower Zip

19720

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35000.00

Current Approval Amount

35000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Castle

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19720-0001

CD

DE-

Jobs Reported

3

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4375.00

Payroll Proceed

26250.00

Mortgage Interest Proceed

0.00

Rent Proceed

4375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

35224.58

Forgiveness Date

12/17/2020

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