Monarch

$10,000,000 PPP Loan in Albemarle, North Carolina

Loan Details

Loan Number
3810107300
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$10,000,000
Current Approval
$10,000,000
Forgiveness Amount
$10,166,027
Forgiveness Date
Jan 10, 2022
Term
24 months
Draw
First Draw

Business Information

Business Name
Monarch
Address
350 Pee Dee Ave Ste a
ZIP Code
28001-4932
Business Type
Professional Association
Industry (NAICS)
Health Care and Social Assistance (621420)
Business Age
New Business or 2 years or less
Jobs Reported
500
Estimated Revenue
$89.0M
Rural/Urban
Rural
Congressional District
NC-08

Loan Use Breakdown

Payroll
$10,000,000

Lender Information

Servicing Lender
First-Citizens Bank & Trust Company
Originating Lender
First-Citizens Bank & Trust Company

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