# PPP loan: MORRELL TRANSFER INC
> **$360K** approved 04/07/2020 · Paid in Full · Loan `6988057005`
## Borrower
- **Name:** MORRELL TRANSFER INC
- **Address:** 10752 171ST AVE, ELK RIVER, MN, 55330-6323
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $360K
- **Jobs reported:** 26
## Lender
- **Originating:** The Bank of Elk River
- **Servicing:** The Bank of Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*