PPP borrower record
MERIT ELECTRIC LTD PPP loan record
Public SBA PPP loan record for MERIT ELECTRIC LTD. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$511,900
Approved amount
$516,152
Forgiven amount
2020-04-27
Date approved
Borrower and loan details
Borrower
MERIT ELECTRIC LTD
Loan number
3833767204
Business type
Subchapter S Corporation
Business age
New Business or 2 years or less
Borrower city
Iowa City
Borrower state
Iowa
Borrower ZIP
52244
Jobs reported
28
Loan status
Paid in Full
Forgiveness date
2021-03-03
Servicing lender
MidWestOne Bank
Originating lender
MidWestOne Bank
Reported use of proceeds
Payroll
$511,900
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.