# PPP loan: MERRITT MEADE LOUGHRAN, INC
> **$295K** approved 04/06/2020 · Paid in Full · Loan `6293827004`
## Borrower
- **Name:** MERRITT MEADE LOUGHRAN, INC
- **Address:** 3406 PURDUE AVE, LOS ANGELES, CA, 90066-2115
- **NAICS:** 541820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $32K
- **Utilities:** $1K
- **Health care:** $11K
- **Debt interest:** $26K
- **Jobs reported:** 11
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*