# PPP loan: MORRIS NATIONAL INC
> **$1.96M** approved 02/19/2021 · Exemption 4 · Loan `2059268503`
## Borrower
- **Name:** MORRIS NATIONAL INC
- **Address:** 760 N McKeever Ave, Azusa, CA, 91702-2349
- **NAICS:** 311352
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.38M (70%)
- **Forgiveness date:** 11/10/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.96M
- **Utilities:** $1
- **Jobs reported:** 227
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*