# PPP loan: MORMAX COMPANY, INC. DBA MXH HOSPITALITY
> **$242K** approved 05/01/2020 · Paid in Full · Loan `1497817708`
## Borrower
- **Name:** MORMAX COMPANY, INC. DBA MXH HOSPITALITY
- **Address:** 150 MACQUESTEN PKY N, MOUNT VERNON, NY, 10550
- **NAICS:** —
- **Business type:** —
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $28K
- **Utilities:** $14K
- **Health care:** $7K
- **Jobs reported:** 14
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*