PPP Loan information for Merritt #1 inc.

$692,778

Merritt #1 inc. was initially approved for PPP Loan of amount $692,778, the current approved amount is $692,778. The loan was approved on 03/20/2021 by The U.S. Bank, National Association reported 134 jobs and $692,778 was used to fund payroll.

Merritt #1 inc. is Existing or more than 2 years old

PPP Loan Search / OR / Salem / Merritt #1 inc.

MERRITT #1 INC.

Date Approved

03/20/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

MERRITT #1 INC.

Borrower Address

4035 Cypress St NE

Borrower City

Salem

Borrower State

OR

Borrower Zip

97301-1955

Loan Status Date

11/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

692777.50

Current Approval Amount

692777.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Salem

Project County Name

MARION

Project State

OR

Project Zip

97301-1955

CD

OR-05

Jobs Reported

134

NAICS Code

447110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

692777.50

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

696491.56

Forgiveness Date

10/06/2021

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