Merit Foods INC
$161,800 PPP Loan in Newport, Tennessee
Loan Details
- Loan Number
- 3741897309
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $161,800
- Current Approval
- $161,800
- Forgiveness Amount
- $162,780
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Merit Foods INC
- Address
- 822 Cosby Hwy
- City
- Newport
- State
- Tennessee
- ZIP Code
- 37821-3346
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Accommodation and Food Services (722513)
- Franchise
- Arby's
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 32
- Estimated Revenue
- $5.7M
- Rural/Urban
- Rural
- Congressional District
- TN-01
Loan Use Breakdown
- Payroll
- $111,800
- Rent
- $50,000
Lender Information
- Servicing Lender
- Commercial Bank
- Originating Lender
- Commercial Bank
Other PPP Loans in Newport, TN
| Business | Approved | |
|---|---|---|
| Smoky Mountain Home Health & Hospice, INC | $1,800,000 |  AI Deep Dive |
| Eastern Plating LLC | $1,384,173 | AI Deep Dive |
| Eastern Plating LLC | $1,363,340 | AI Deep Dive |
| Rural Medical Services, INC | $1,031,829 | AI Deep Dive |
| Commercial Furniture Group | $1,002,000 | AI Deep Dive |
Want to research this company further?
Try NewBizBot free