# PPP loan: MERCANTILE PROPERTY MANAGEMENT
> **$416K** approved 04/05/2020 · Paid in Full · Loan `5088557002`
## Borrower
- **Name:** MERCANTILE PROPERTY MANAGEMENT
- **Address:** 18 Waterhouse Road, BUZZARDS BAY, MA, 02532-8346
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 60
## Lender
- **Originating:** South Shore Bank
- **Servicing:** South Shore Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*