# PPP loan: MERCANTILE PROCESSING, INC.
> **$152K** approved 04/13/2020 · Paid in Full · Loan `5001907107`
## Borrower
- **Name:** MERCANTILE PROCESSING, INC.
- **Address:** 32695 ROXANA ROAD, MILLVILLE, DE, 19967
- **NAICS:** 541513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 12
## Lender
- **Originating:** Applied Bank
- **Servicing:** Applied Bank (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*