PPP Loan information for Monarch towel company inc

$236,315

Monarch towel company inc was initially approved for PPP Loan of amount $236,315, the current approved amount is $236,315. The loan was approved on 01/27/2021 by The Loan Source Incorporated reported 22 jobs and $236,315 was used to fund payroll.

Monarch towel company inc is Existing or more than 2 years old

PPP Loan Search / NJ / South Plainfield / Monarch towel company inc

MONARCH TOWEL COMPANY INC

Date Approved

01/27/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MONARCH TOWEL COMPANY INC

Borrower Address

301 Hollywood Ave

Borrower City

South Plainfield

Borrower State

NJ

Borrower Zip

07080-4201

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

236315.00

Current Approval Amount

236315.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Plainfield

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

07080-4201

CD

NJ-06

Jobs Reported

22

NAICS Code

423220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

236312.00

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

Corporation

Originating Lender Location Id

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

238328.53

Forgiveness Date

12/20/2021

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