PPP Loan information for Merit electric company

$942,300

Merit electric company was initially approved for PPP Loan of amount $942,300, the current approved amount is $942,300. The loan was approved on 06/23/2020 by The Zions Bank, A Division of reported 59 jobs and $942,300 was used to fund payroll.

Merit electric company is Existing or more than 2 years old

PPP Loan Search / NV / Reno / Merit electric company

MERIT ELECTRIC COMPANY

Date Approved

06/23/2020

SBA Office Code

0944

Processing Method

PPP

Borrower Name

MERIT ELECTRIC COMPANY

Borrower Address

7785 White Fir Street

Borrower City

Reno

Borrower State

NV

Borrower Zip

89523-8930

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

942300.00

Current Approval Amount

942300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72601

Servicing Lender Name

Zions Bank, A Division of

Servicing Lender Address

1 S Main St

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84133-1109

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Reno

Project County Name

WASHOE

Project State

NV

Project Zip

89523-8930

CD

NV-02

Jobs Reported

59

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

942300.00

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

72601

Originating Lender

Zions Bank, A Division of

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

946817.88

Forgiveness Date

12/17/2020

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