PPP Loan information for Merit electrical group inc

$932,100

Merit electrical group inc was initially approved for PPP Loan of amount $932,100, the current approved amount is $932,100. The loan was approved on 04/10/2020 by The The Farmers National Bank of Canfield reported 49 jobs and $932,100 was used to fund payroll.

Merit electrical group inc is Existing or more than 2 years old

PPP Loan Search / PA / OAKMONT / Merit electrical group inc

MERIT ELECTRICAL GROUP INC

Date Approved

04/10/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

MERIT ELECTRICAL GROUP INC

Borrower Address

204 PENNSYLVANIA AVE

Borrower City

OAKMONT

Borrower State

PA

Borrower Zip

15139-1925

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

932100.00

Current Approval Amount

932100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53390

Servicing Lender Name

The Farmers National Bank of Canfield

Servicing Lender Address

20 S Broad St

Servicing Lender City

Canfield

Servicing Lender State

OH

Servicing Lender Zip

44406-1401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OAKMONT

Project County Name

ALLEGHENY

Project State

PA

Project Zip

15139-1925

CD

PA-17

Jobs Reported

49

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

932100.00

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

53390

Originating Lender

The Farmers National Bank of Canfield

Originating Lender City

Canfield

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

940399.52

Forgiveness Date

03/09/2021

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