# PPP loan: MERCER VALVE CO., INC.
> **$4.62M** approved 05/01/2020 · Paid in Full · Loan `8170597300`
## Borrower
- **Name:** MERCER VALVE CO., INC.
- **Address:** 9609 NW 4th ST, OKLAHOMA CITY, OK, 73127-2962
- **NAICS:** 332919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.62M
- **Initial approval:** $4.62M
- **Forgiven:** $4.68M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.20M
- **Rent:** $118K
- **Utilities:** $82K
- **Health care:** $221K
- **Jobs reported:** 319
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*