# PPP loan: MORRIS DOWNING & SHERRED LLP
> **$205K** approved 04/13/2020 · Paid in Full · Loan `4606267103`
## Borrower
- **Name:** MORRIS DOWNING & SHERRED LLP
- **Address:** 1 Main Street, Newton, NJ, 07860-2023
- **NAICS:** 541110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $121K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 14
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*