# PPP loan: MORTON SMITH ELECTRICAL, INC
> **$221K** approved 04/14/2020 · Paid in Full · Loan `7225207107`
## Borrower
- **Name:** MORTON SMITH ELECTRICAL, INC
- **Address:** 955 PINER PL, SANTA ROSA, CA, 95403-1906
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $41K
- **Utilities:** $14K
- **Jobs reported:** 17
## Lender
- **Originating:** Summit State Bank
- **Servicing:** Summit State Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*