# PPP loan: MERRIMAC INDUSTRIAL SALES, INC.
> **$794K** approved 04/27/2020 · Paid in Full · Loan `4575467209`
## Borrower
- **Name:** MERRIMAC INDUSTRIAL SALES, INC.
- **Address:** 111 Neck Rd., Haverhill, MA, 01835
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $794K
- **Initial approval:** $794K
- **Forgiven:** $801K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $794K
- **Jobs reported:** 48
## 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*