PPP Loan information for Merit electric ltd

$511,900

Merit electric ltd was initially approved for PPP Loan of amount $511,900, the current approved amount is $511,900. The loan was approved on 02/19/2021 by The MidWestOne Bank reported 29 jobs and $511,900 was used to fund payroll.

Merit electric ltd is Existing or more than 2 years old

PPP Loan Search / IA / Iowa City / Merit electric ltd

MERIT ELECTRIC LTD

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

511900.00

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

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Iowa City

Project County Name

JOHNSON

Project State

IA

Project Zip

52240-4526

CD

IA-01

Jobs Reported

29

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

511900.00

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

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

515284.23

Forgiveness Date

10/22/2021

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