# PPP loan: MORRIS SPERRY CO.
> **$157K** approved 04/28/2020 · Paid in Full · Loan `6497487207`
## Borrower
- **Name:** MORRIS SPERRY CO.
- **Address:** 7070 Union Park Ave. Ste 220, MIDVALE, UT, 84047
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 11/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Mortgage interest:** $26K
- **Jobs reported:** 9
## Lender
- **Originating:** First Utah Bank
- **Servicing:** First Utah Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*