# PPP loan: MORGAN AND MORGAN TRANSPORTATION, INC.
> **$250K** approved 05/01/2020 · Paid in Full · Loan `8716517301`
## Borrower
- **Name:** MORGAN AND MORGAN TRANSPORTATION, INC.
- **Address:** 297 HOPPER CIR, SPEEDWELL, TN, 37870-7209
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Rent:** $500
- **Mortgage interest:** $500
- **Utilities:** $500
- **Health care:** $250
- **Debt interest:** $250
- **Jobs reported:** 38
## Lender
- **Originating:** United Cumberland Bank
- **Servicing:** United Cumberland Bank (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*