PPP Loan information for Mercer insurance inc.

$187,200

Mercer insurance inc. was initially approved for PPP Loan of amount $187,200, the current approved amount is $187,200. The loan was approved on 04/30/2020 by The Blue Ridge Bank, National Association reported 18 jobs and $187,200 was used to fund payroll.

Mercer insurance inc. is Existing or more than 2 years old

PPP Loan Search / IN / Portage / Mercer insurance inc.

MERCER INSURANCE INC.

Date Approved

04/30/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MERCER INSURANCE INC.

Borrower Address

2664 Willowcreed Road Unit A

Borrower City

Portage

Borrower State

IN

Borrower Zip

46368

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

187200.00

Current Approval Amount

187200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124336

Servicing Lender Name

Blue Ridge Bank, National Association

Servicing Lender Address

1 E Market St Imperial Plaza

Servicing Lender City

MARTINSVILLE

Servicing Lender State

VA

Servicing Lender Zip

24112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Portage

Project County Name

PORTER

Project State

IN

Project Zip

46368-0001

CD

IN-01

Jobs Reported

18

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3200.00

Payroll Proceed

168819.76

Mortgage Interest Proceed

9090.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6090.24

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

189207.20

Forgiveness Date

05/27/2021

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