# PPP loan: MOREL EYEWEAR, INC.
> **$396K** approved 04/16/2020 · Paid in Full · Loan `2521707204`
## Borrower
- **Name:** MOREL EYEWEAR, INC.
- **Address:** 500 W MAIN ST, WYCKOFF, NJ, 07481
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $401K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Rent:** $30K
- **Utilities:** $5K
- **Health care:** $45K
- **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*