Morgan Distributing, INC

$885,600 PPP Loan in Decatur, Illinois

Loan Details

Loan Number
8825757008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$885,600
Current Approval
$885,600
Forgiveness Amount
$897,162
Forgiveness Date
Jul 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morgan Distributing, INC
Address
3425 N 22nd St
ZIP Code
62526-2107
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424710)
Business Age
Existing or more than 2 years old
Jobs Reported
70
Estimated Revenue
$18.0M
Rural/Urban
Urban
Congressional District
IL-13

Loan Use Breakdown

Payroll
$885,600

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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