# PPP loan: MERIT EDUCATION INC
> **$250K** approved 01/26/2021 · Paid in Full · Loan `5990298302`
## Borrower
- **Name:** MERIT EDUCATION INC
- **Address:** 15050 Lees Crossing Ln, Leesburg, VA, 20176-5650
- **NAICS:** 624410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 05/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 37
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*