# PPP loan: MERIT ELECTRIC, LLC
> **$353K** approved 04/08/2020 · Paid in Full · Loan `7900957005`
## Borrower
- **Name:** MERIT ELECTRIC, LLC
- **Address:** US HIGHWAY 95, CALVERT CITY, KY, 42029-8817
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Rent:** $44K
- **Utilities:** $44K
- **Jobs reported:** 30
## Lender
- **Originating:** FNB Bank, Inc.
- **Servicing:** FNB Bank, Inc. (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*