# PPP loan: MERIT CONTRACTORS, LLC
> **$1.33M** approved 04/07/2020 · Paid in Full · Loan `6869537004`
## Borrower
- **Name:** MERIT CONTRACTORS, LLC
- **Address:** 335 NORTH AVE, ANTIOCH, IL, 60002-1852
- **NAICS:** 238990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $999K
- **Rent:** $166K
- **Utilities:** $166K
- **Jobs reported:** 113
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*