Morrell Manufacturing, Inc.
$498,300 PPP Loan in Alma, Arkansas
Loan Details
- Loan Number
- 6297947002
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $498,300
- Current Approval
- $498,300
- Forgiveness Amount
- $502,494
- Forgiveness Date
- Feb 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Morrell Manufacturing, Inc.
- Address
- 1721 Highway 71
- City
- Alma
- State
- Arkansas
- ZIP Code
- 72921-7736
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423910)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 75
- Estimated Revenue
- $23.0M
- Rural/Urban
- Rural
- Congressional District
- AR-03
Loan Use Breakdown
- Payroll
- $373,725
- Utilities
- $62,288
- Mortgage Interest
- $62,288
Lender Information
- Servicing Lender
- Generations Bank
- Originating Lender
- Generations Bank
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