Current business record

MERIT ELECTRIC LTD

We found 2 public loan records at or above $150,000 in the current SBA release.

This is a historical government-data listing. It does not establish wrongdoing, eligibility, forgiveness, or the final amount disbursed.

Loan 1

$350,000–1 million
Filed business name
MERIT ELECTRIC LTD
Approval date
Feb 19, 2021
Initial approval amount
$511,900.00
Current approval amount
$511,900.00
Loan status
Paid in Full (Nov 9, 2021)
Forgiveness amount
$515,284.23
Jobs reported
29
Address
1311 Highland Ct
Iowa City, IA 52240-4526
Lender
MidWestOne Bank
NAICS code
238210
Business type
Subchapter S Corporation
Congressional district
IA-01

Loan 2

$350,000–1 million
Filed business name
MERIT ELECTRIC LTD
Approval date
Apr 27, 2020
Initial approval amount
$511,900.00
Current approval amount
$511,900.00
Loan status
Paid in Full (Apr 14, 2021)
Forgiveness amount
$516,151.61
Jobs reported
28
Address
PO BOX 1428
IOWA CITY, IA 52244-1428
Lender
MidWestOne Bank
NAICS code
238210
Business type
Subchapter S Corporation
Congressional district
IA-01