# PPP loan: MERRIMAC/TIMBERLAKE, LLC
> **$237K** approved 04/08/2020 · Paid in Full · Loan `8818807001`
## Borrower
- **Name:** MERRIMAC/TIMBERLAKE, LLC
- **Address:** 1123 Montreat Road, BLACK MOUNTAIN, NC, 28711-3231
- **NAICS:** 721214
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 10
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*