# PPP loan: MORGAN MEMORIAL FOUNDATION, INC.
> **$414K** approved 04/06/2020 · Paid in Full · Loan `5906727008`
## Borrower
- **Name:** MORGAN MEMORIAL FOUNDATION, INC.
- **Address:** 96 E 3RD ST, MORGAN, MN, 56266-1414
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $414K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Utilities:** $83K
- **Jobs reported:** 71
## Lender
- **Originating:** Community Bank Mankato
- **Servicing:** Community Bank Mankato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*