PPP Loan information for Monarch materials group, inc

$483,000

Monarch materials group, inc was initially approved for PPP Loan of amount $483,000, the current approved amount is $483,000. The loan was approved on 04/05/2020 by The CIBC Bank USA reported 41 jobs and $483,000 was used to fund payroll.

Monarch materials group, inc is Existing or more than 2 years old

PPP Loan Search / IA / ADEL / Monarch materials group, inc

MONARCH MATERIALS GROUP, INC

Date Approved

04/05/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MONARCH MATERIALS GROUP, INC

Borrower Address

28972 R AVE

Borrower City

ADEL

Borrower State

IA

Borrower Zip

50003-8565

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

483000.00

Current Approval Amount

483000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ADEL

Project County Name

DALLAS

Project State

IA

Project Zip

50003-8565

CD

IA-03

Jobs Reported

41

NAICS Code

444190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

483000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

485804.08

Forgiveness Date

11/12/2020

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