# PPP loan: MELRIC SYSTEMS CORP
> **$498K** approved 04/28/2020 · Paid in Full · Loan `6925977209`
## Borrower
- **Name:** MELRIC SYSTEMS CORP
- **Address:** 16 Norden Lane, Huntington Station, NY, 11746
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Jobs reported:** 25
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*