# PPP loan: MERIT FASTENER CORPORATION
> **$296K** approved 04/12/2020 · Paid in Full · Loan `3963077109`
## Borrower
- **Name:** MERIT FASTENER CORPORATION
- **Address:** 2510 RONALD REAGAN BLVD, LONGWOOD, FL, 32750-3703
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $20K
- **Health care:** $6K
- **Jobs reported:** 31
## Lender
- **Originating:** Cogent Bank
- **Servicing:** Cogent Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*