# PPP loan: MORGAN TOWING INC
> **$160K** approved 02/22/2021 · Paid in Full · Loan `2887228508`
## Borrower
- **Name:** MORGAN TOWING INC
- **Address:** 3449 Morgan Ave 3449 Morgan Ave, Corpus Christi, TX, 78405-2649
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*