As part of the Paycheck Protection Program MERIT ELECTRIC COMPANY was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MERIT ELECTRIC COMPANY


Loan Amount	$1,666,700
BusinessName	MERIT ELECTRIC COMPANY
Address	5626 Mitchelldale
City	Houston
State	TX
Zip	77092
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	142
DateApproved	04/16/2020
Lender	Prosperity Bank
CD	TX-02
BusinessName.clean	MERIT ELECTRIC COMPANY

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MERIT ELECTRIC
MERIT ELECTRIC OF SPOKANE
MERIT ELECTRICAL GROUP
MERIT FINANCIAL GROUP
MERIT FRAMING