# PPP loan: MERTEL GRAVEL COMPANY INC.
> **$437K** approved 03/13/2021 · Paid in Full · Loan `1289118603`
## Borrower
- **Name:** MERTEL GRAVEL COMPANY INC.
- **Address:** 2400 Water St, Peru, IL, 61354-3494
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $440K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 23
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*