# PPP loan: THE MERIT CORPORATION
> **$372K** approved 01/23/2021 · Charged Off · Loan `4400688308`
## Borrower
- **Name:** THE MERIT CORPORATION
- **Address:** 523 Cortlandt St, Belleville, NJ, 07109-3329
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Status:** Charged Off
- **Term:** 44 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*