# PPP loan: MORGAN ENGINEERING SYSTEMS, INC.
> **$1.51M** approved 04/05/2020 · Paid in Full · Loan `5526247004`
## Borrower
- **Name:** MORGAN ENGINEERING SYSTEMS, INC.
- **Address:** 1049 South Mahoning Ave, ALLIANCE, OH, 44601-3212
- **NAICS:** 333923
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.51M
- **Jobs reported:** 110
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*