# PPP loan: MOREL G. LEMOINE DISTRIBUTOR, INC.
> **$216K** approved 04/08/2020 · Paid in Full · Loan `8156507005`
## Borrower
- **Name:** MOREL G. LEMOINE DISTRIBUTOR, INC.
- **Address:** 1932 Hospital Road, NEW ROADS, LA, 70760-3911
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Utilities:** $22K
- **Jobs reported:** 12
## Lender
- **Originating:** The Cottonport Bank
- **Servicing:** The Cottonport Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*