# PPP loan: MERIT INTERNATIONAL TRADING, INC.
> **$222K** approved 04/15/2020 · Paid in Full · Loan `1436327209`
## Borrower
- **Name:** MERIT INTERNATIONAL TRADING, INC.
- **Address:** 1100 S. SAN PEDRO ST #A-4, LOS ANGELES, CA, 90015-2328
- **NAICS:** 424330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Rent:** $40K
- **Utilities:** $5K
- **Jobs reported:** 29
## Lender
- **Originating:** Shinhan Bank America
- **Servicing:** Shinhan Bank America (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*