PPP Loan information for Merit construction company

$178,300

Merit construction company was initially approved for PPP Loan of amount $178,300, the current approved amount is $178,300. The loan was approved on 04/04/2020 by The Cedar Rapids Bank and Trust Company reported 15 jobs and $178,300 was used to fund payroll.

Merit construction company is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Merit construction company

MERIT CONSTRUCTION COMPANY

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MERIT CONSTRUCTION COMPANY

Borrower Address

1000 29TH AVE. SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-3411

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

178300.00

Current Approval Amount

178300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-3411

CD

IA-02

Jobs Reported

15

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

178300.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

179657.06

Forgiveness Date

01/20/2021

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