# PPP loan: MERRIMAC TOOL COMPANY, INC.
> **$213K** approved 04/28/2020 · Paid in Full · Loan `6824657208`
## Borrower
- **Name:** MERRIMAC TOOL COMPANY, INC.
- **Address:** 91 High Street, Amesbury, MA, 01913-1440
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $216K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Jobs reported:** 17
## Lender
- **Originating:** Primis Bank
- **Servicing:** Primis Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*