# PPP loan: MERIT EDUCATION INC.
> **$250K** approved 04/10/2020 · Paid in Full · Loan `2064817108`
## Borrower
- **Name:** MERIT EDUCATION INC.
- **Address:** MERIT EDUCATION INC. 5326 BACKLICK ROAD, SPRINGFIELD, VA, 22151
- **NAICS:** 923110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 41
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*