PPP Loan information for Mercantile development, inc.

$637,414

Mercantile development, inc. was initially approved for PPP Loan of amount $637,414, the current approved amount is $637,414. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 38 jobs and $637,414 was used to fund payroll.

Mercantile development, inc. is Existing or more than 2 years old

PPP Loan Search / CT / Shelton / Mercantile development, inc.

MERCANTILE DEVELOPMENT, INC.

Date Approved

04/10/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

MERCANTILE DEVELOPMENT, INC.

Borrower Address

10 Waterview Drive 0.0

Borrower City

Shelton

Borrower State

CT

Borrower Zip

06484-0825

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

637414.00

Current Approval Amount

637414.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Shelton

Project County Name

FAIRFIELD

Project State

CT

Project Zip

06484-0825

CD

CT-04

Jobs Reported

38

NAICS Code

322299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

509932.00

Mortgage Interest Proceed

0.00

Rent Proceed

127482.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

641873.42

Forgiveness Date

12/28/2020

;