Morabito Baking Co INC

$1,220,740 PPP Loan in Norristown, Pennsylvania

Loan Details

Loan Number
5090017700
Date Approved
May 3, 2020
Loan Status
Paid in Full
Initial Approval
$1,220,740
Current Approval
$1,636,255
Forgiveness Amount
$1,655,173
Forgiveness Date
Jul 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morabito Baking Co INC
Address
757 Kohn St
ZIP Code
19401-3739
Business Type
Corporation
Industry (NAICS)
Manufacturing (311812)
Business Age
New Business or 2 years or less
Jobs Reported
115
Estimated Revenue
$40.6M
Rural/Urban
Urban
Congressional District
PA-05

Loan Use Breakdown

Payroll
$1,636,255

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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