Date Approved
02/19/2021
SBA Office Code
0736
Processing Method
PPS
Borrower Name
MERIT ELECTRIC LTD
Borrower Address
1311 Highland Ct
Borrower City
Iowa City
Borrower State
IA
Borrower Zip
52240-4526
Loan Status Date
11/09/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
511900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
25117
Servicing Lender Name
MidWestOne Bank
Servicing Lender Address
102 S Clinton St
Servicing Lender City
IOWA CITY
Servicing Lender State
Servicing Lender Zip
52240-4065
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
JOHNSON
Project State
Project Zip
CD
IA-01
Jobs Reported
29
NAICS Code
238210
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
515284.23
Forgiveness Date
10/22/2021