# PPP loan: MERIT ELECTRICAL GROUP INC.
> **$933K** approved 02/25/2021 · Paid in Full · Loan `4335118500`
## Borrower
- **Name:** MERIT ELECTRICAL GROUP INC.
- **Address:** 204 Pennsylvania Ave, Oakmont, PA, 15139-1925
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $933K
- **Initial approval:** $933K
- **Forgiven:** $940K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $933K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** The Farmers National Bank of Canfield
- **Servicing:** The Farmers National Bank of Canfield (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*