Monarch Welding & Engineering, Inc.
$2,000,000 PPP Loan in Warren, Michigan
Loan Details
- Loan Number
- 1993887107
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,000,000
- Current Approval
- $2,000,000
- Forgiveness Amount
- $2,023,248
- Forgiveness Date
- Jun 14, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Monarch Welding & Engineering, Inc.
- Address
- 23635 Mound Rd 0.0
- City
- Warren
- State
- Michigan
- ZIP Code
- 48091-5315
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238220)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 269
- Estimated Revenue
- $85.1M
- Rural/Urban
- Urban
- Congressional District
- MI-10
Loan Use Breakdown
- Payroll
- $1,905,000
- Rent
- $50,000
- Utilities
- $25,000
- Health Care
- $20,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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