# PPP loan: MERCHANTS SALES COMPANY
> **$538K** approved 04/13/2020 · Paid in Full · Loan `5166567110`
## Borrower
- **Name:** MERCHANTS SALES COMPANY
- **Address:** 3505 LAKE HERMAN DR, BROWNS SUMMIT, NC, 27214-9746
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $538K
- **Jobs reported:** 33
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*