# PPP loan: MORRIS AND MCDANIEL, INC.
> **$312K** approved 04/14/2020 · Paid in Full · Loan `7628497107`
## Borrower
- **Name:** MORRIS AND MCDANIEL, INC.
- **Address:** 117 SOUTH SAINT ASAPH ST, ALEXANDRIA, VA, 22314-3119
- **NAICS:** 541490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $317K (102%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $29K
- **Utilities:** $12K
- **Health care:** $15K
- **Debt interest:** $3K
- **Jobs reported:** 29
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*