PPP Loan information for Monarch bus service inc

$1,465,445

Monarch bus service inc was initially approved for PPP Loan of amount $1,465,445, the current approved amount is $1,465,445. The loan was approved on 04/13/2021 by The National Bank of Commerce reported 221 jobs and $1,465,445 was used to fund payroll.

Monarch bus service inc is Existing or more than 2 years old

PPP Loan Search / MN / Minneapolis / Monarch bus service inc

MONARCH BUS SERVICE INC

Date Approved

04/13/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MONARCH BUS SERVICE INC

Borrower Address

715 Taft St NE

Borrower City

Minneapolis

Borrower State

MN

Borrower Zip

55413-2816

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1465445.00

Current Approval Amount

1465445.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76833

Servicing Lender Name

National Bank of Commerce

Servicing Lender Address

1127 Tower Ave

Servicing Lender City

SUPERIOR

Servicing Lender State

WI

Servicing Lender Zip

54880-1502

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Minneapolis

Project County Name

HENNEPIN

Project State

MN

Project Zip

55413-2816

CD

MN-05

Jobs Reported

221

NAICS Code

485410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1465440.00

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

76833

Originating Lender

National Bank of Commerce

Originating Lender City

SUPERIOR

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1480099.45

Forgiveness Date

04/21/2022

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