# PPP loan: MORRISON INDUSTRIES, INC.
> **$6.60M** approved 04/09/2020 · Paid in Full · Loan `9787737005`
## Borrower
- **Name:** MORRISON INDUSTRIES, INC.
- **Address:** 1825 Monroe Ave NW 0.0, Grand Rapids, MI, 49505-6240
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.60M
- **Initial approval:** $6.60M
- **Forgiven:** $6.20M (94%)
- **Forgiveness date:** 01/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.71M
- **Rent:** $22K
- **Utilities:** $80K
- **Health care:** $788K
- **Jobs reported:** 440
## 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*