# PPP loan: MERIT HOUSE LLC
> **$573K** approved 04/05/2020 · Paid in Full · Loan `5291837009`
## Borrower
- **Name:** MERIT HOUSE LLC
- **Address:** 4645 LEWIS AVE, TOLEDO, OH, 43612-2336
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $573K
- **Initial approval:** $573K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Rent:** $20K
- **Utilities:** $3K
- **Jobs reported:** 92
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*