PPP Loan information for Mertec, llc

$662,600

Mertec, llc was initially approved for PPP Loan of amount $662,600, the current approved amount is $662,600. The loan was approved on 04/16/2020 by The City State Bank reported 45 jobs and $662,600 was used to fund payroll.

Mertec, llc is Existing or more than 2 years old

PPP Loan Search / IA / ADEL / Mertec, llc

MERTEC, LLC

Date Approved

04/16/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MERTEC, LLC

Borrower Address

22555 LAREDO TRL

Borrower City

ADEL

Borrower State

IA

Borrower Zip

50003-4570

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

662600.00

Current Approval Amount

662600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25318

Servicing Lender Name

City State Bank

Servicing Lender Address

801 Main St

Servicing Lender City

NORWALK

Servicing Lender State

IA

Servicing Lender Zip

50211-1322

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ADEL

Project County Name

DALLAS

Project State

IA

Project Zip

50003-4570

CD

IA-03

Jobs Reported

45

NAICS Code

311224

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

662600.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25318

Originating Lender

City State Bank

Originating Lender City

NORWALK

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

668790.32

Forgiveness Date

03/31/2021

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