# PPP loan: MERRELL ENGINEERING COMPANY INC.
> **$224K** approved 03/18/2021 · Paid in Full · Loan `4607028600`
## Borrower
- **Name:** MERRELL ENGINEERING COMPANY INC.
- **Address:** 128 E. Fredicks, BARSTOW, CA, 92311
- **NAICS:** 541380
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 08/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 16
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*