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Morgan Electric INC

$202,432 PPP Loan in Harahan, Louisiana

Loan Details

Loan Number
2785587710
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$202,432
Current Approval
$202,432
Forgiveness Amount
$205,072
Forgiveness Date
Aug 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morgan Electric INC
Address
1200 Distributors Row
City
Harahan
State
Louisiana
ZIP Code
70123
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
LA-01

Loan Use Breakdown

Payroll
$180,390
Rent
$6,200
Utilities
$4,052
Health Care
$11,790

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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