# PPP loan: MORALES CONSTRUCTION CO INC.
> **$268K** approved 04/08/2020 · Paid in Full · Loan `8344367008`
## Borrower
- **Name:** MORALES CONSTRUCTION CO INC.
- **Address:** 6950 Philips Hwy Suite 15, JACKSONVILLE, FL, 32216-4048
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Mortgage interest:** $65K
- **Utilities:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*