PPP Loan information for Merit contracting inc.

$823,936

Merit contracting inc. was initially approved for PPP Loan of amount $823,936, the current approved amount is $823,936. The loan was approved on 04/09/2020 by The West Bank reported 52 jobs and $823,936 was used to fund payroll.

Merit contracting inc. is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Merit contracting inc.

MERIT CONTRACTING INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MERIT CONTRACTING INC.

Borrower Address

4661 HADLEY VIEW CT NE

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55906

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

823935.87

Current Approval Amount

823935.87

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25587

Servicing Lender Name

West Bank

Servicing Lender Address

1601 22nd St

Servicing Lender City

WEST DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50266-1408

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55906-0001

CD

MN-01

Jobs Reported

52

NAICS Code

238160

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

823935.87

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

25587

Originating Lender

West Bank

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

828428.01

Forgiveness Date

11/03/2020

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