Merit Construction Company

$178,300 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
4908307010
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$178,300
Current Approval
$178,300
Forgiveness Amount
$179,657
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Merit Construction Company
Address
1000 29th Ave. SW
State
Iowa
ZIP Code
52404-3411
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
$17.1M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$178,300

Lender Information

Servicing Lender
Cedar Rapids Bank and Trust Company
Originating Lender
Cedar Rapids Bank and Trust Company

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