PPP Loan information for Merit cheverolet company

$1,317,015

Merit cheverolet company was initially approved for PPP Loan of amount $1,317,015, the current approved amount is $1,317,015. The loan was approved on 04/15/2020 by The Park State Bank reported 110 jobs and $1,317,015 was used to fund payroll.

Merit cheverolet company is Existing or more than 2 years old

PPP Loan Search / MN / SAINT PAUL / Merit cheverolet company

MERIT CHEVEROLET COMPANY

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MERIT CHEVEROLET COMPANY

Borrower Address

2695 Brookview Drive

Borrower City

SAINT PAUL

Borrower State

MN

Borrower Zip

55119-4748

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1317015.00

Current Approval Amount

1317015.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT PAUL

Project County Name

RAMSEY

Project State

MN

Project Zip

55119-4748

CD

MN-04

Jobs Reported

110

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1317015.00

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

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1329571.75

Forgiveness Date

04/08/2021

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