AMERICAN MERCHANT INC. (VA) - 2020 PPP Loan Borrower Profile (# 8226728603)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN MERCHANT 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 Virginia.

Loan Detail

Loan Number

8226728603

SBA Office Code

0304

Processing Method

PPS

Curent Loan Amount

$352,787

Date Loan was Approved

Mar 24, 2021

Amount Forgiven

$354,609.73

Date Loan was Forgiven

Oct 19, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

352,781

Lender

The First Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

313240

Borrower Location

Bristol, VA

Project Location

Bristol, VA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.