# PPP loan: MERCHANTS ALARM SYSTEMS INC
> **$151K** approved 04/27/2020 · Paid in Full · Loan `5108477207`
## Borrower
- **Name:** MERCHANTS ALARM SYSTEMS INC
- **Address:** 203 PATERSON AVE, WALLINGTON, NJ, 07057
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Jobs reported:** 16
## Lender
- **Originating:** Kearny 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*