Merit Electric Ltd

$511,900 PPP Loan in Iowa City, Iowa

Loan Details

Loan Number
3833767204
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$511,900
Current Approval
$511,900
Forgiveness Amount
$516,152
Forgiveness Date
Mar 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Merit Electric Ltd
Address
Po Box 1428
State
Iowa
ZIP Code
52244-1428
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
New Business or 2 years or less
Jobs Reported
28
Estimated Revenue
$9.2M
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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