# PPP loan: MORSE METAL FAB., INC.
> **$170K** approved 04/09/2020 · Paid in Full · Loan `9422827005`
## Borrower
- **Name:** MORSE METAL FAB., INC.
- **Address:** 51111 BITTERSWEET RD, GRANGER, IN, 46530-7880
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $10K
- **Utilities:** $10K
- **Health care:** $14K
- **Jobs reported:** 15
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*