# PPP loan: MORELLI HOSKINS FORD INC
> **$540K** approved 04/11/2020 · Paid in Full · Loan `2867397106`
## Borrower
- **Name:** MORELLI HOSKINS FORD INC
- **Address:** 2601 East Lincoln Highway, COATESVILLE, PA, 19320-2444
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $68K
- **Utilities:** $7K
- **Health care:** $45K
- **Jobs reported:** 57
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*