# PPP loan: MORGAN FABRICS CORPORATION
> **$600K** approved 01/21/2021 · Paid in Full · Loan `2742498300`
## Borrower
- **Name:** MORGAN FABRICS CORPORATION
- **Address:** 4265 Exchange Ave, Vernon, CA, 90058-2604
- **NAICS:** 314999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $605K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $600K
- **Utilities:** $1
- **Jobs reported:** 67
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*