# PPP loan: MERCHEN & REED GRAVEL CO. INC.
> **$227K** approved 02/20/2021 · Paid in Full · Loan `2597068510`
## Borrower
- **Name:** MERCHEN & REED GRAVEL CO. INC.
- **Address:** 970 5th Ave, Powers, OR, 97466-9757
- **NAICS:** 423810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 18
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*