PPP Loan information for Merchants credit corporation

$2,026,600

Merchants credit corporation was initially approved for PPP Loan of amount $2,026,600, the current approved amount is $2,026,600. The loan was approved on 04/28/2020 by The Banner Bank reported 61 jobs and $2,026,600 was used to fund payroll.

Merchants credit corporation is Existing or more than 2 years old

PPP Loan Search / WA / REDMOND / Merchants credit corporation

MERCHANTS CREDIT CORPORATION

Date Approved

04/28/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

MERCHANTS CREDIT CORPORATION

Borrower Address

2245 152ND AVE NE

Borrower City

REDMOND

Borrower State

WA

Borrower Zip

98052

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2026600.00

Current Approval Amount

2026600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79430

Servicing Lender Name

Banner Bank

Servicing Lender Address

10 S First Ave

Servicing Lender City

WALLA WALLA

Servicing Lender State

WA

Servicing Lender Zip

99362-1942

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

REDMOND

Project County Name

KING

Project State

WA

Project Zip

98052-0001

CD

WA-01

Jobs Reported

61

NAICS Code

561440

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2026600.00

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

79430

Originating Lender

Banner Bank

Originating Lender City

WALLA WALLA

Originating Lender State

WA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1078231.94

Forgiveness Date

01/21/2022

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