# PPP loan: FRED A MORETON & COMPANY
> **$4.62M** approved 04/15/2020 · Paid in Full · Loan `9450167103`
## Borrower
- **Name:** FRED A MORETON & COMPANY
- **Address:** 101 S 200 E, SALT LAKE CITY, UT, 84111-3107
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.62M
- **Initial approval:** $4.62M
- **Forgiven:** $4.67M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.70M
- **Mortgage interest:** $920K
- **Utilities:** $4K
- **Jobs reported:** 232
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*