Monarch Poured Walls

$718,800 PPP Loan in Grimes, Iowa

Loan Details

Loan Number
2539937103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$718,800
Current Approval
$718,800
Forgiveness Amount
$724,411
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Monarch Poured Walls
Address
3700 SE Beisser Drive, Suite a
City
Grimes
State
Iowa
ZIP Code
50111-4966
Business Type
Corporation
Industry (NAICS)
Construction (238110)
Business Age
New Business or 2 years or less
Jobs Reported
49
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$539,100
Rent
$44,925
Utilities
$44,925
Mortgage Interest
$44,925
Refinance EIDL
$44,925

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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