# PPP loan: US MERIT INC
> **$529K** approved 04/07/2020 · Paid in Full · Loan `7406527010`
## Borrower
- **Name:** US MERIT INC
- **Address:** 11406 STATE HIGHWAY 64, TYLER, TX, 75707-3445
- **NAICS:** 722310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $529K
- **Initial approval:** $571K
- **Forgiven:** $535K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $529K
- **Jobs reported:** 179
## Lender
- **Originating:** Austin Bank, Texas National Association
- **Servicing:** Austin Bank, Texas National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*