Morrison Industries, Inc.
$6,598,436 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 9787737005
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $6,598,436
- Current Approval
- $6,598,436
- Forgiveness Amount
- $6,200,145
- Forgiveness Date
- Jan 24, 2022
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Morrison Industries, Inc.
- Address
- 1825 Monroe Ave NW 0.0
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49505-6240
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423830)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 440
- Estimated Revenue
- $134.8M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $5,708,813
- Rent
- $21,851
- Utilities
- $80,000
- Health Care
- $787,772
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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