PPP Loan information for Monarch automotive inc.

$456,200

Monarch automotive inc. was initially approved for PPP Loan of amount $456,200, the current approved amount is $456,200. The loan was approved on 03/23/2021 by The United Bank reported 31 jobs and $456,200 was used to fund payroll.

Monarch automotive inc. is Existing or more than 2 years old

PPP Loan Search / WV / Glen Dale / Monarch automotive inc.

MONARCH AUTOMOTIVE INC.

Date Approved

03/23/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

MONARCH AUTOMOTIVE INC.

Borrower Address

1502 Wheeling Avenue

Borrower City

Glen Dale

Borrower State

WV

Borrower Zip

26038

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

456200.00

Current Approval Amount

456200.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Glen Dale

Project County Name

MARSHALL

Project State

WV

Project Zip

26038

CD

WV-01

Jobs Reported

31

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

456200.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

459570.81

Forgiveness Date

12/23/2021

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