PPP Loan information for Monarch

$10,000,000

Monarch was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000. The loan was approved on 04/29/2020 by The First-Citizens Bank & Trust Company reported 500 jobs and $10,000,000 was used to fund payroll.

Monarch is New Business or 2 years or less

PPP Loan Search / NC / ALBEMARLE / Monarch

MONARCH

Date Approved

04/29/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MONARCH

Borrower Address

350 PEE DEE AVE STE A

Borrower City

ALBEMARLE

Borrower State

NC

Borrower Zip

28001-4932

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

ALBEMARLE

Project County Name

STANLY

Project State

NC

Project Zip

28001-4932

CD

NC-08

Jobs Reported

500

NAICS Code

621420

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

10000000.00

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

Professional Association

Originating Lender Location Id

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10166027.40

Forgiveness Date

01/10/2022

;