# PPP loan: FRED R. MORGAN & SONS INC
> **$483K** approved 01/23/2021 · Paid in Full · Loan `4376798305`
## Borrower
- **Name:** FRED R. MORGAN & SONS INC
- **Address:** 1019 Industrial Dr, West Berlin, NJ, 08091-9136
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $485K (100%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $483K
- **Jobs reported:** 34
## Lender
- **Originating:** Parke Bank
- **Servicing:** Parke Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*