# PPP loan: MELCER TILE CO. INC
> **$241K** approved 04/09/2020 · Paid in Full · Loan `8870457000`
## Borrower
- **Name:** MELCER TILE CO. INC
- **Address:** 4965 DORCHESTER ROAD N, NORTH CHARLESTON, SC, 29418-5602
- **NAICS:** 423320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Mortgage interest:** $105K
- **Utilities:** $16K
- **Jobs reported:** 19
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*