# PPP loan: MERITHALL, INC.
> **$630K** approved 04/28/2020 · Paid in Full · Loan `1224277303`
## Borrower
- **Name:** MERITHALL, INC.
- **Address:** 33411 Schoolcraft Rd, Livonia, MI, 48150-1501
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $504K
- **Mortgage interest:** $126K
- **Jobs reported:** 80
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*