# PPP loan: MORRELL MANUFACTURING, INC.
> **$498K** approved 04/06/2020 · Paid in Full · Loan `6297947002`
## Borrower
- **Name:** MORRELL MANUFACTURING, INC.
- **Address:** 1721 HIGHWAY 71, ALMA, AR, 72921-7736
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $374K
- **Mortgage interest:** $62K
- **Utilities:** $62K
- **Jobs reported:** 75
## Lender
- **Originating:** Generations Bank
- **Servicing:** Generations Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*