# PPP loan: MERIT LOGISTICS, LLC
> **$9.60M** approved 04/28/2020 · Paid in Full · Loan `7215377206`
## Borrower
- **Name:** MERIT LOGISTICS, LLC
- **Address:** 33332 VALLE RD, SUITE 100, SAN JUAN CAPISTRANO, CA, 92675-4856
- **NAICS:** 493190
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $9.60M
- **Initial approval:** $9.60M
- **Forgiven:** $9.72M (101%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $9.60M
- **Jobs reported:** 500
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*