# PPP loan: MORGAN CONCRETE COMPANY
> **$2.90M** approved 04/07/2020 · Paid in Full · Loan `7242437010`
## Borrower
- **Name:** MORGAN CONCRETE COMPANY
- **Address:** 1216 Falls Road, TOCCOA, GA, 30577-2407
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.90M
- **Initial approval:** $2.90M
- **Forgiven:** $2.93M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.90M
- **Jobs reported:** 194
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*