# PPP loan: MORTON TRUCKING INC.
> **$1.15M** approved 04/03/2021 · Exemption 4 · Loan `6289978704`
## Borrower
- **Name:** MORTON TRUCKING INC.
- **Address:** 121 Garnet Ln, Jacksonville, NC, 28546-8801
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $227K (20%)
- **Forgiveness date:** 07/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 85
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*