# PPP loan: MORLIC ENGINEERING CORPORATION
> **$250K** approved 05/12/2020 · Paid in Full · Loan `5531927404`
## Borrower
- **Name:** MORLIC ENGINEERING CORPORATION
- **Address:** 3020 N.W. 79 Avenue, DORAL, FL, 33122-1010
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 23
## Lender
- **Originating:** Ocean Bank
- **Servicing:** Ocean Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*