PPP Loan information for Merit electric service

$108,900

Merit electric service was initially approved for PPP Loan of amount $108,900, the current approved amount is $108,900. The loan was approved on 04/04/2020 by The Forward Bank reported 11 jobs and $108,900 was used to fund payroll.

Merit electric service is Existing or more than 2 years old

PPP Loan Search / WI / MARSHFIELD / Merit electric service

MERIT ELECTRIC SERVICE

Date Approved

04/04/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MERIT ELECTRIC SERVICE

Borrower Address

404 N Cherry Ave

Borrower City

MARSHFIELD

Borrower State

WI

Borrower Zip

54449-2226

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

108900.00

Current Approval Amount

108900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79583

Servicing Lender Name

Forward Bank

Servicing Lender Address

1001 N Central Ave

Servicing Lender City

MARSHFIELD

Servicing Lender State

WI

Servicing Lender Zip

54449-2124

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARSHFIELD

Project County Name

WOOD

Project State

WI

Project Zip

54449-2226

CD

WI-07

Jobs Reported

11

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

108900.00

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

79583

Originating Lender

Forward Bank

Originating Lender City

MARSHFIELD

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

109819.60

Forgiveness Date

02/09/2021

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