# PPP loan: MORITZ EMBROIDERY WORKS, INC.
> **$225K** approved 04/07/2020 · Paid in Full · Loan `7047547002`
## Borrower
- **Name:** MORITZ EMBROIDERY WORKS, INC.
- **Address:** 21 North Courtland Street, EAST STROUDSBURG, PA, 18301-2101
- **NAICS:** 315210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $1K
- **Utilities:** $2K
- **Debt interest:** $15K
- **Jobs reported:** 21
## Lender
- **Originating:** ESSA Bank & Trust
- **Servicing:** ESSA Bank & Trust (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*