MERIT MECHANICAL CO. INC. (DE) - 2020 PPP Loan Borrower Profile (# 8672518403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to MERIT MECHANICAL CO. INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Delaware.

Loan Detail

Loan Number

8672518403

SBA Office Code

0341

Processing Method

PPS

Curent Loan Amount

$417,862

Date Loan was Approved

Feb 13, 2021

Amount Forgiven

$422,109.31

Date Loan was Forgiven

Feb 25, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

417,862

Lender

Northeast Bank

Business Detail

Business Type

Corporation

NAICS

238220

Borrower Location

Newark, DE

Project Location

Newark, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.