MERCHAND BROTHERS INC (VT) - 2020 PPP Loan Borrower Profile (# 1353068302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to MERCHAND BROTHERS 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 Vermont.

Loan Detail

Loan Number

1353068302

SBA Office Code

0150

Processing Method

PPS

Curent Loan Amount

$28,255

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$28,547.61

Date Loan was Forgiven

Feb 8, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

28,254

Lender

Ledyard National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811111

Borrower Location

White River Jct., VT

Project Location

White River Jct., VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.