# PPP loan: MERCER BOTANICALS, INC.
> **$408K** approved 04/05/2020 · Paid in Full · Loan `5380427006`
## Borrower
- **Name:** MERCER BOTANICALS, INC.
- **Address:** 6225 SADLER RD, MOUNT DORA, FL, 32757-7402
- **NAICS:** 111421
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Mortgage interest:** $9K
- **Utilities:** $12K
- **Jobs reported:** 48
## Lender
- **Originating:** The First National Bank of Mount Dora
- **Servicing:** The First National Bank of Mount Dora (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*