PPP Loan information for Merz,inc

$77,700

Merz,inc was initially approved for PPP Loan of amount $77,700, the current approved amount is $77,700. The loan was approved on 04/28/2020 by The Alerus Financial, National Association reported 6 jobs and $77,700 was used to fund payroll.

Merz,inc is Existing or more than 2 years old

PPP Loan Search / MN / MINNETONKA / Merz,inc

MERZ,INC

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MERZ,INC

Borrower Address

15000 Minnetonka Blvd

Borrower City

MINNETONKA

Borrower State

MN

Borrower Zip

55345-1506

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

77700.00

Current Approval Amount

77700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINNETONKA

Project County Name

HENNEPIN

Project State

MN

Project Zip

55345-1506

CD

MN-03

Jobs Reported

6

NAICS Code

621340

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

69861.97

Mortgage Interest Proceed

0.00

Rent Proceed

6068.86

Refinance EIDL Proceed

0.00

Health Care Proceed

1769.17

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

78369.08

Forgiveness Date

03/11/2021

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