PPP Loan information for Monarch welding & engineering, inc.

$2,000,000

Monarch welding & engineering, inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 269 jobs and $2,000,000 was used to fund payroll.

Monarch welding & engineering, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Warren / Monarch welding & engineering, inc.

MONARCH WELDING & ENGINEERING, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MONARCH WELDING & ENGINEERING, INC.

Borrower Address

23635 Mound Rd 0.0

Borrower City

Warren

Borrower State

MI

Borrower Zip

48091-5315

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Warren

Project County Name

MACOMB

Project State

MI

Project Zip

48091-5315

CD

MI-10

Jobs Reported

269

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25000.00

Payroll Proceed

1905000.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2023247.78

Forgiveness Date

06/14/2021

;