# PPP loan: NEW MERIDIAN CORPORATION
> **$301K** approved 04/16/2020 · Paid in Full · Loan `3100367205`
## Borrower
- **Name:** NEW MERIDIAN CORPORATION
- **Address:** 9390 Research Blvd Ste 310, AUSTIN, TX, 78759
- **NAICS:** 541110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Mortgage interest:** $38K
- **Utilities:** $38K
- **Jobs reported:** 25
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*