# PPP loan: MORELAND HOSE & BELTING CORP.
> **$264K** approved 04/29/2020 · Paid in Full · Loan `2428097304`
## Borrower
- **Name:** MORELAND HOSE & BELTING CORP.
- **Address:** 135 ADAMS AVENUE, HEMPSTEAD, NY, 11550
- **NAICS:** 326220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Jobs reported:** 20
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*