PPP Loan information for Merit electric inc

$1,000,000

Merit electric inc was initially approved for PPP Loan of amount $1,000,000, the current approved amount is $1,000,000. The loan was approved on 04/09/2020 by The First National Bank of Omaha reported 84 jobs and $1,000,000 was used to fund payroll.

Merit electric inc is Existing or more than 2 years old

PPP Loan Search / CO / Fort Collins / Merit electric inc

MERIT ELECTRIC INC

Date Approved

04/09/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

MERIT ELECTRIC INC

Borrower Address

2590 Midpoint Dr

Borrower City

Fort Collins

Borrower State

CO

Borrower Zip

80525-4416

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1000000.00

Current Approval Amount

1000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42458

Servicing Lender Name

First National Bank of Omaha

Servicing Lender Address

1601 Capitol Ave

Servicing Lender City

OMAHA

Servicing Lender State

NE

Servicing Lender Zip

68102

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fort Collins

Project County Name

LARIMER

Project State

CO

Project Zip

80525-4416

CD

CO-02

Jobs Reported

84

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

68000.00

Payroll Proceed

922308.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

9692

Business Type

Subchapter S Corporation

Originating Lender Location Id

42458

Originating Lender

First National Bank of Omaha

Originating Lender City

OMAHA

Originating Lender State

NE

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1007479.45

Forgiveness Date

01/20/2021

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