# PPP loan: JL MORGAN & ASSOCIATES, INC.
> **$387K** approved 04/06/2020 · Paid in Full · Loan `5601657010`
## Borrower
- **Name:** JL MORGAN & ASSOCIATES, INC.
- **Address:** 7057 MEADOWLARK DR, BIRMINGHAM, AL, 35242-5342
- **NAICS:** 519130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Rent:** $14K
- **Mortgage interest:** $8K
- **Utilities:** $21K
- **Jobs reported:** 73
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*