PPP Loan information for Merx global inc

$1,574,300

Merx global inc was initially approved for PPP Loan of amount $1,574,300, the current approved amount is $1,574,300. The loan was approved on 02/13/2021 by The American Commercial Bank & Trust, National Association reported 146 jobs and $1,574,300 was used to fund payroll.

Merx global inc is Existing or more than 2 years old

PPP Loan Search / IL / Elk Grove Village / Merx global inc

MERX GLOBAL INC

Date Approved

02/13/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MERX GLOBAL INC

Borrower Address

1454 Elmhurst Rd

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-6417

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1574300.00

Current Approval Amount

1574300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22237

Servicing Lender Name

American Commercial Bank & Trust, National Association

Servicing Lender Address

701 LaSalle St

Servicing Lender City

OTTAWA

Servicing Lender State

IL

Servicing Lender Zip

61350-5011

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-6417

CD

IL-03

Jobs Reported

146

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1574297.00

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

Corporation

Originating Lender Location Id

22237

Originating Lender

American Commercial Bank & Trust, National Association

Originating Lender City

OTTAWA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1582477.61

Forgiveness Date

08/25/2021

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