# PPP loan: THE MERCANTILE PRESS, INC.
> **$199K** approved 04/15/2020 · Paid in Full · Loan `1358237210`
## Borrower
- **Name:** THE MERCANTILE PRESS, INC.
- **Address:** 3007 Bellevue Avenue, Wilmington, DE, 19802
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $7K
- **Utilities:** $11K
- **Health care:** $27K
- **Debt interest:** $1K
- **Jobs reported:** 13
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*