Merritt Preferred Components, Inc.

$785,600 PPP Loan in Kilgore, Texas

Loan Details

Loan Number
3365587109
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$785,600
Current Approval
$785,600
Forgiveness Amount
$789,926
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Merritt Preferred Components, Inc.
Address
703 Gladewater St
State
Texas
ZIP Code
75662-2457
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (336413)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
TX-01

Loan Use Breakdown

Payroll
$589,200
Rent
$157,120
Utilities
$23,568
Mortgage Interest
$15,712

Lender Information

Servicing Lender
Origin Bank
Originating Lender
Origin Bank

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