# PPP loan: MORGAN DISTRIBUTING INC
> **$1.04M** approved 02/06/2021 · Paid in Full · Loan `4136058405`
## Borrower
- **Name:** MORGAN DISTRIBUTING INC
- **Address:** 3424 N 22nd Street, Decatur, IL, 62526
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.04M
- **Jobs reported:** 74
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*