# PPP loan: MERRITTS BOAT & ENGINE WORKS INC
> **$1.05M** approved 05/01/2020 · Paid in Full · Loan `4818707705`
## Borrower
- **Name:** MERRITTS BOAT & ENGINE WORKS INC
- **Address:** 2931 NE 16TH STREET, POMPANO BEACH, FL, 33062
- **NAICS:** 336612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 102
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*