Mertec, LLC

$662,600 PPP Loan in Adel, Iowa

Loan Details

Loan Number
3015537203
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$662,600
Current Approval
$662,600
Forgiveness Amount
$668,790
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mertec, LLC
Address
22555 Laredo Trl
City
Adel
State
Iowa
ZIP Code
50003-4570
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (311224)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$15.9M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$662,600

Lender Information

Servicing Lender
City State Bank
Originating Lender
City State Bank

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