# PPP loan: MOREL, INC.
> **$1.02M** approved 04/10/2020 · Paid in Full · Loan `1180777101`
## Borrower
- **Name:** MOREL, INC.
- **Address:** 4824 NE 42ND AVE, PORTLAND, OR, 97218-1610
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Jobs reported:** 80
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (ID)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*