# PPP loan: THE MORGAN GROUP, INC.
> **$1.92M** approved 04/09/2020 · Paid in Full · Loan `9779987010`
## Borrower
- **Name:** THE MORGAN GROUP, INC.
- **Address:** 3000 Richmond Avenue 0.0, Houston, TX, 77098-3102
- **NAICS:** 531110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $5.75M
- **Forgiven:** $1.90M (99%)
- **Forgiveness date:** 05/09/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.76M
- **Health care:** $161K
- **Jobs reported:** 330
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*