Monarch Towel Company INC

$236,315 PPP Loan in South Plainfield, New Jersey

Loan Details

Loan Number
6402688300
Date Approved
Jan 27, 2021
Loan Status
Paid in Full
Initial Approval
$236,315
Current Approval
$236,315
Forgiveness Amount
$238,329
Forgiveness Date
Dec 20, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Monarch Towel Company INC
Address
301 Hollywood Ave
ZIP Code
07080-4201
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423220)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$236,312
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Northeast Bank

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