# PPP loan: MERCHANTS FASTENER CORP
> **$245K** approved 05/01/2020 · Paid in Full · Loan `5829997700`
## Borrower
- **Name:** MERCHANTS FASTENER CORP
- **Address:** 10 BANK ST STE 820, WHITE PLAINS, NY, 10606-1947
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 03/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*