PPP Loan information for Monarch bus service, inc.

$1,993,400

Monarch bus service, inc. was initially approved for PPP Loan of amount $1,993,400, the current approved amount is $1,993,400. The loan was approved on 04/13/2020 by The National Bank of Commerce reported 225 jobs and $1,993,400 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

04/13/2020

SBA Office Code

0508

Processing Method

PPP

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

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1993400.00

Current Approval Amount

1993400.00

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

225

NAICS Code

485510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1993400.00

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

2011804.82

Forgiveness Date

03/31/2021

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