# PPP loan: MERCHANT SOURCE INC
> **$427K** approved 04/16/2020 · Paid in Full · Loan `2607917209`
## Borrower
- **Name:** MERCHANT SOURCE INC
- **Address:** 200 GARDEN CITY PLZ STE 215, GARDEN CITY, NY, 11530
- **NAICS:** 522310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $44K
- **Utilities:** $8K
- **Jobs reported:** 35
## 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*