# PPP loan: MERRITT AND SONS, LLC
> **$256K** approved 04/07/2020 · Paid in Full · Loan `7479097002`
## Borrower
- **Name:** MERRITT AND SONS, LLC
- **Address:** 5841 Davis Creek, BARBOURSVILLE, WV, 25504-0001
- **NAICS:** 442299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Rent:** $51K
- **Jobs reported:** 23
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*