PPP Loan information for Merchco services inc.

$1,350,000

Merchco services inc. was initially approved for PPP Loan of amount $1,350,000, the current approved amount is $1,350,000. The loan was approved on 01/27/2021 by The Frost Bank reported 98 jobs and $1,350,000 was used to fund payroll.

Merchco services inc. is Existing or more than 2 years old

PPP Loan Search / TX / San Antonio / Merchco services inc.

MERCHCO SERVICES INC.

Date Approved

01/27/2021

SBA Office Code

0681

Processing Method

PPS

Borrower Name

MERCHCO SERVICES INC.

Borrower Address

140 Heimer Rd Ste 500

Borrower City

San Antonio

Borrower State

TX

Borrower Zip

78232-5031

Loan Status Date

10/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1350000.00

Current Approval Amount

1350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71783

Servicing Lender Name

Frost Bank

Servicing Lender Address

111 W Houston St

Servicing Lender City

SAN ANTONIO

Servicing Lender State

TX

Servicing Lender Zip

78205-1414

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

San Antonio

Project County Name

BEXAR

Project State

TX

Project Zip

78232-5031

CD

TX-21

Jobs Reported

98

NAICS Code

238390

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1349996.00

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

Subchapter S Corporation

Originating Lender Location Id

71783

Originating Lender

Frost Bank

Originating Lender City

SAN ANTONIO

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1357952.05

Forgiveness Date

09/01/2021

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