PPP Loan information for Merit technical institute, inc.

$137,180

Merit technical institute, inc. was initially approved for PPP Loan of amount $142,200, the current approved amount is $137,180. The loan was approved on 05/19/2020 by The Fountainhead SBF LLC reported 11 jobs and $137,180 was used to fund payroll.

Merit technical institute, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Jersey City / Merit technical institute, inc.

MERIT TECHNICAL INSTITUTE, INC.

Date Approved

05/19/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MERIT TECHNICAL INSTITUTE, INC.

Borrower Address

321 Grove Street

Borrower City

Jersey City

Borrower State

NJ

Borrower Zip

07302

Loan Status Date

09/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

142200.00

Current Approval Amount

137180.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

524612

Servicing Lender Name

Fountainhead SBF LLC

Servicing Lender Address

3216 W. Lake Mary Blvd

Servicing Lender City

LAKE MARY

Servicing Lender State

FL

Servicing Lender Zip

32746

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Jersey City

Project County Name

HUDSON

Project State

NJ

Project Zip

07302-1300

CD

NJ-08

Jobs Reported

11

NAICS Code

611519

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

137180.00

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

524612

Originating Lender

Fountainhead SBF LLC

Originating Lender City

LAKE MARY

Originating Lender State

FL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

138810.92

Forgiveness Date

08/04/2021

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