# PPP loan: MERL'S TOWING SERVICE, INC.
> **$334K** approved 04/14/2020 · Paid in Full · Loan `7628297106`
## Borrower
- **Name:** MERL'S TOWING SERVICE, INC.
- **Address:** 5510 CLAY AVE, GRAND RAPIDS, MI, 49548
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $337K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Jobs reported:** 24
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*