# PPP loan: MERRICK MOTORS INC.
> **$1.23M** approved 04/27/2020 · Paid in Full · Loan `3983387203`
## Borrower
- **Name:** MERRICK MOTORS INC.
- **Address:** 3614 Sunrise Hwy 0, Wantagh, NY, 11793-4051
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 96
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*