PPP Loan information for Merritt electric inc

$53,978

Merritt electric inc was initially approved for PPP Loan of amount $53,978, the current approved amount is $53,978. The loan was approved on 01/16/2021 by The The Bank of Monroe reported 7 jobs and $53,978 was used to fund payroll.

Merritt electric inc is Existing or more than 2 years old

PPP Loan Search / WV / Alderson / Merritt electric inc

MERRITT ELECTRIC INC

Date Approved

01/16/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

MERRITT ELECTRIC INC

Borrower Address

2394 Alta Dr

Borrower City

Alderson

Borrower State

WV

Borrower Zip

24910-7190

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53977.50

Current Approval Amount

53977.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75423

Servicing Lender Name

The Bank of Monroe

Servicing Lender Address

39 Main St

Servicing Lender City

UNION

Servicing Lender State

WV

Servicing Lender Zip

24983-6102

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alderson

Project County Name

GREENBRIER

Project State

WV

Project Zip

24910-7190

CD

WV-01

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53972.50

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

Corporation

Originating Lender Location Id

75423

Originating Lender

The Bank of Monroe

Originating Lender City

UNION

Originating Lender State

WV

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

54545.37

Forgiveness Date

02/09/2022

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