PPP Loan information for Merritt electric inc

$100,000

Merritt electric inc was initially approved for PPP Loan of amount $100,000, the current approved amount is $100,000. The loan was approved on 04/11/2020 by The Martha's Vineyard Bank reported 7 jobs and $100,000 was used to fund payroll.

Merritt electric inc is Existing or more than 2 years old

PPP Loan Search / MA / Oak Bluffs / Merritt electric inc

MERRITT ELECTRIC INC

Date Approved

04/11/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MERRITT ELECTRIC INC

Borrower Address

14 Ryans Way

Borrower City

Oak Bluffs

Borrower State

MA

Borrower Zip

02557

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100000.00

Current Approval Amount

100000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32770

Servicing Lender Name

Martha's Vineyard Bank

Servicing Lender Address

78 Main St

Servicing Lender City

EDGARTOWN

Servicing Lender State

MA

Servicing Lender Zip

02539

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Oak Bluffs

Project County Name

DUKES

Project State

MA

Project Zip

02557-0001

CD

MA-09

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

100000.00

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

32770

Originating Lender

Martha's Vineyard Bank

Originating Lender City

EDGARTOWN

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

101120.55

Forgiveness Date

06/02/2021

;