PPP Loan information for Merit electrical corp

$134,825

Merit electrical corp was initially approved for PPP Loan of amount $134,825, the current approved amount is $134,825. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 110 jobs and $134,825 was used to fund payroll.

Merit electrical corp is Existing or more than 2 years old

PPP Loan Search / NJ / HAWTHORNE / Merit electrical corp

MERIT ELECTRICAL CORP

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MERIT ELECTRICAL CORP

Borrower Address

280 9TH AVE UNIT 8

Borrower City

HAWTHORNE

Borrower State

NJ

Borrower Zip

07506

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

134825.00

Current Approval Amount

134825.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAWTHORNE

Project County Name

PASSAIC

Project State

NJ

Project Zip

07506-1000

CD

NJ-09

Jobs Reported

110

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

115517.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

19308.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

136054.53

Forgiveness Date

04/02/2021

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