PPP Loan information for Merc capital management, inc.

$57,858

Merc capital management, inc. was initially approved for PPP Loan of amount $50,234, the current approved amount is $57,858. The loan was approved on 04/28/2020 by The Truist Bank reported 5 jobs and $57,858 was used to fund payroll.

Merc capital management, inc. is Existing or more than 2 years old

PPP Loan Search / MD / Laytonsville / Merc capital management, inc.

MERC CAPITAL MANAGEMENT, INC.

Date Approved

04/28/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MERC CAPITAL MANAGEMENT, INC.

Borrower Address

6832 Olney Laytonsville Road

Borrower City

Laytonsville

Borrower State

MD

Borrower Zip

20882

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50233.75

Current Approval Amount

57857.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Laytonsville

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20882-0001

CD

MD-08

Jobs Reported

5

NAICS Code

523930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

57857.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

58516.43

Forgiveness Date

06/28/2021

;