# PPP loan: MORRELL INSTRUMENT CO., INC.
> **$257K** approved 04/29/2020 · Paid in Full · Loan `2574427305`
## Borrower
- **Name:** MORRELL INSTRUMENT CO., INC.
- **Address:** 502 Walt Whitman Road, Melville, NY, 11747
- **NAICS:** 423490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $257K
- **Jobs reported:** 13
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*