# PPP loan: MORPHIX TECHNOLOGIES INC.
> **$276K** approved 03/12/2021 · Paid in Full · Loan `9214998502`
## Borrower
- **Name:** MORPHIX TECHNOLOGIES INC.
- **Address:** 2557 Production Rd, Virginia Beach, VA, 23454-5286
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $276K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*