# PPP loan: MERRITT #1, INC
> **$685K** approved 04/28/2020 · Paid in Full · Loan `9615927203`
## Borrower
- **Name:** MERRITT #1, INC
- **Address:** 4035 Cypress Ave, SALEM, OR, 97301
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $689K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $685K
- **Jobs reported:** 140
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*