# PPP loan: MORLANDT ELECTRIC CO
> **$390K** approved 05/01/2020 · Paid in Full · Loan `2326567705`
## Borrower
- **Name:** MORLANDT ELECTRIC CO
- **Address:** 219 E MISTLETOE AVE, SAN ANTONIO, TX, 78212
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $395K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Utilities:** $4K
- **Health care:** $25K
- **Jobs reported:** 25
## 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*