# PPP loan: MERCON COFFEE CORPORATION
> **$394K** approved 04/27/2020 · Paid in Full · Loan `5963927201`
## Borrower
- **Name:** MERCON COFFEE CORPORATION
- **Address:** 2333 PONCE DE LEON BLVD, CORAL GABLES, FL, 33134-5422
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $60K
- **Utilities:** $34K
- **Jobs reported:** 22
## Lender
- **Originating:** Amerant Bank, National Association
- **Servicing:** Amerant Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*