# PPP loan: MERTES & MERTES P.C.
> **$157K** approved 03/10/2021 · Paid in Full · Loan `8770698502`
## Borrower
- **Name:** MERTES & MERTES P.C.
- **Address:** 4015 E Lincolnway Ste D, Sterling, IL, 61081-7623
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** The Clinton National Bank
- **Servicing:** The Clinton National Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*