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Monarch Materials Group, INC

$483,000 PPP Loan in Adel, Iowa

Loan Details

Loan Number
5536317005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$483,000
Current Approval
$483,000
Forgiveness Amount
$485,804
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Monarch Materials Group, INC
Address
28972 R Ave
City
Adel
State
Iowa
ZIP Code
50003-8565
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (444190)
Business Age
Existing or more than 2 years old
Jobs Reported
41
Estimated Revenue
$8.5M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$483,000

Lender Information

Servicing Lender
Cibc Bank USA
Originating Lender
Cibc Bank USA

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