# PPP loan: MERIT CONSTRUCTION COMPANY
> **$178K** approved 04/04/2020 · Paid in Full · Loan `4908307010`
## Borrower
- **Name:** MERIT CONSTRUCTION COMPANY
- **Address:** 1000 29TH AVE. SW, CEDAR RAPIDS, IA, 52404-3411
- **NAICS:** 236220
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 15
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*