Merit Electric Ltd

$511,900 PPP Loan in Iowa City, Iowa

Loan Details

Loan Number
2119338503
Date Approved
Feb 19, 2021
Loan Status
Paid in Full
Initial Approval
$511,900
Current Approval
$511,900
Forgiveness Amount
$515,284
Forgiveness Date
Oct 22, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Merit Electric Ltd
Address
1311 Highland Ct
State
Iowa
ZIP Code
52240-4526
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$9.5M
Rural/Urban
Urban
Congressional District
IA-01

Loan Use Breakdown

Payroll
$511,900

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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