# PPP loan: MERIT CONSTRUCTION INC.
> **$1.00M** approved 02/06/2021 · Paid in Full · Loan `4598498402`
## Borrower
- **Name:** MERIT CONSTRUCTION INC.
- **Address:** 10435 Dutchtown Rd, Knoxville, TN, 37932-2512
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 61
## Lender
- **Originating:** Home Federal Bank of Tennessee
- **Servicing:** Home Federal Bank of Tennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*