# PPP loan: MORRELL'S ELECTRO PLATING, INC.
> **$1.47M** approved 04/28/2020 · Paid in Full · Loan `1073377300`
## Borrower
- **Name:** MORRELL'S ELECTRO PLATING, INC.
- **Address:** 436 EAST EUCLID AVENUE, COMPTON, CA, 90222-2801
- **NAICS:** 332813
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Jobs reported:** 172
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*