# PPP loan: MORGAN ASPHALT INC
> **$2.77M** approved 04/06/2020 · Paid in Full · Loan `5847527006`
## Borrower
- **Name:** MORGAN ASPHALT INC
- **Address:** 1970 N Redwood Road, SALT LAKE CITY, UT, 84116-1245
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.77M
- **Initial approval:** $2.77M
- **Forgiven:** $2.80M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.77M
- **Jobs reported:** 200
## Lender
- **Originating:** Glacier Bank
- **Servicing:** Glacier Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*