PPP Loan information for Mercantile group ltd

$356,522

Mercantile group ltd was initially approved for PPP Loan of amount $356,522, the current approved amount is $356,522. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 18 jobs and $356,522 was used to fund payroll.

Mercantile group ltd is New Business or 2 years or less

PPP Loan Search / TX / KATY / Mercantile group ltd

MERCANTILE GROUP LTD

Date Approved

05/01/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

MERCANTILE GROUP LTD

Borrower Address

22720 MORTON RANCH RD SUITE4 160

Borrower City

KATY

Borrower State

TX

Borrower Zip

77494

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

356522.00

Current Approval Amount

356522.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

KATY

Project County Name

FORT BEND

Project State

TX

Project Zip

77494-0100

CD

TX-22

Jobs Reported

18

NAICS Code

522292

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

356522.00

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

Partnership

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

359608.60

Forgiveness Date

03/17/2021

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