# PPP loan: MORSECORP, INC.
> **$1.21M** approved 04/11/2020 · Paid in Full · Loan `3204177103`
## Borrower
- **Name:** MORSECORP, INC.
- **Address:** 1 MAIN ST STE 510, CAMBRIDGE, MA, 02142-1500
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Rent:** $160K
- **Utilities:** $2K
- **Jobs reported:** 69
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*