Morgan Electric, Inc.

$425,000 PPP Loan in Keller, Texas

Loan Details

Loan Number
6209547001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$425,000
Current Approval
$425,000
Forgiveness Amount
$428,167
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morgan Electric, Inc.
Address
116 Calverley Pl
City
Keller
State
Texas
ZIP Code
76248-5126
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$12.5M
Rural/Urban
Urban
Congressional District
TX-24

Loan Use Breakdown

Payroll
$425,000

Lender Information

Servicing Lender
Frost Bank
Originating Lender
Frost Bank

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