PPP Loan information for The merit corporation

$371,767

The merit corporation was initially approved for PPP Loan of amount $371,767, the current approved amount is $371,767. The loan was approved on 01/23/2021 by The Santander Bank, National Association reported 29 jobs and $371,767 was used to fund payroll.

The merit corporation is Existing or more than 2 years old

PPP Loan Search / NJ / Belleville / The merit corporation

THE MERIT CORPORATION

Date Approved

01/23/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

THE MERIT CORPORATION

Borrower Address

523 Cortlandt St

Borrower City

Belleville

Borrower State

NJ

Borrower Zip

07109-3329

Loan Status Date

01/25/2022

Loan Status

Charged Off

Term

44

SBA Guaranty Percentage

100

Initial Approval Amount

371767.00

Current Approval Amount

371767.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84894

Servicing Lender Name

Santander Bank, National Association

Servicing Lender Address

824 N Market St, Ste 100

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-4937

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Belleville

Project County Name

ESSEX

Project State

NJ

Project Zip

07109-3329

CD

NJ-11

Jobs Reported

29

NAICS Code

423720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

371763.00

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

84894

Originating Lender

Santander Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;