# PPP loan: MERCER'S RESTAURANTS, INC.
> **$158K** approved 05/01/2020 · Paid in Full · Loan `2601557708`
## Borrower
- **Name:** MERCER'S RESTAURANTS, INC.
- **Address:** 9720 W PEORIA AVE STE 101, PEORIA, AZ, 85345
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $12K
- **Utilities:** $12K
- **Health care:** $7K
- **Jobs reported:** 27
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*