# PPP loan: MERIT ELECTRIC COMPANY
> **$942K** approved 06/23/2020 · Paid in Full · Loan `1986098006`
## Borrower
- **Name:** MERIT ELECTRIC COMPANY
- **Address:** 7785 White Fir Street, Reno, NV, 89523-8930
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $942K
- **Initial approval:** $942K
- **Forgiven:** $947K (100%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $942K
- **Jobs reported:** 59
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*