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Merit Electronic Design Co. INC

$849,655 PPP Loan in Edgewood, New York

Loan Details

Loan Number
8771318408
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$849,655
Current Approval
$849,655
Forgiveness Amount
$860,084
Forgiveness Date
May 12, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Merit Electronic Design Co. INC
Address
190 Rodeo Dr
City
Edgewood
State
New York
ZIP Code
11717-8317
Business Type
Corporation
Industry (NAICS)
Manufacturing (334419)
Business Age
Existing or more than 2 years old
Jobs Reported
118
Estimated Revenue
$30.9M
Rural/Urban
Urban
Congressional District
NY-02

Loan Use Breakdown

Payroll
$849,650
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Dime Community Bank

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