Morrell Auto Service INC

$56,700 PPP Loan in Pana, Illinois

Loan Details

Loan Number
7504967006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$56,700
Current Approval
$56,700
Forgiveness Amount
$57,413
Forgiveness Date
Jul 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morrell Auto Service INC
Address
704 Fair Ave
City
Pana
ZIP Code
62557-1753
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-15

Loan Use Breakdown

Payroll
$56,695
Rent
$1
Utilities
$1
Health Care
$1
Mortgage Interest
$1
Debt Interest
$1

Lender Information

Servicing Lender
Peoples Bank & Trust
Originating Lender
Peoples Bank & Trust

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