# PPP loan: MERIT CHEVEROLET COMPANY
> **$1.32M** approved 04/15/2020 · Paid in Full · Loan `2297617206`
## Borrower
- **Name:** MERIT CHEVEROLET COMPANY
- **Address:** 2695 Brookview Drive, SAINT PAUL, MN, 55119-4748
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.32M
- **Jobs reported:** 110
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*