PPP Loan information for Mercantile processing, inc.

$152,430

Mercantile processing, inc. was initially approved for PPP Loan of amount $152,430, the current approved amount is $152,430. The loan was approved on 04/13/2020 by The Applied Bank reported 12 jobs and $152,430 was used to fund payroll.

Mercantile processing, inc. is Existing or more than 2 years old

MERCANTILE PROCESSING, INC.

Date Approved

04/13/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

MERCANTILE PROCESSING, INC.

Borrower Address

32695 ROXANA ROAD

Borrower City

MILLVILLE

Borrower State

DE

Borrower Zip

19967

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

152430.00

Current Approval Amount

152430.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120872

Servicing Lender Name

Applied Bank

Servicing Lender Address

2200 Concord Pike, Ste 102

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19803-2909

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MILLVILLE

Project County Name

SUSSEX

Project State

DE

Project Zip

19967-0031

CD

DE-

Jobs Reported

12

NAICS Code

541513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

152430.00

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

Corporation

Originating Lender Location Id

120872

Originating Lender

Applied Bank

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

154038.98

Forgiveness Date

05/06/2021

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