PPP Loan information for Merit electric, llc

$353,100

Merit electric, llc was initially approved for PPP Loan of amount $353,100, the current approved amount is $353,100. The loan was approved on 04/08/2020 by The FNB Bank, Inc. reported 30 jobs and $353,100 was used to fund payroll.

Merit electric, llc is Existing or more than 2 years old

PPP Loan Search / KY / CALVERT CITY / Merit electric, llc

MERIT ELECTRIC, LLC

Date Approved

04/08/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MERIT ELECTRIC, LLC

Borrower Address

US HIGHWAY 95

Borrower City

CALVERT CITY

Borrower State

KY

Borrower Zip

42029-8817

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

353100.00

Current Approval Amount

353100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27599

Servicing Lender Name

FNB Bank, Inc.

Servicing Lender Address

101 E Broadway St

Servicing Lender City

MAYFIELD

Servicing Lender State

KY

Servicing Lender Zip

42066-2317

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CALVERT CITY

Project County Name

MARSHALL

Project State

KY

Project Zip

42029-8817

CD

KY-01

Jobs Reported

30

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

44138.00

Payroll Proceed

264825.00

Mortgage Interest Proceed

0.00

Rent Proceed

44137.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

27599

Originating Lender

FNB Bank, Inc.

Originating Lender City

MAYFIELD

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

355620.74

Forgiveness Date

12/31/2020

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