# PPP loan: MONARCH KNITTING MACHINERY CORP.
> **$460K** approved 04/10/2020 · Paid in Full · Loan `1789827103`
## Borrower
- **Name:** MONARCH KNITTING MACHINERY CORP.
- **Address:** 115 N Secrest Ave 0.0, Monroe, NC, 28110-6807
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $465K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Rent:** $16K
- **Utilities:** $13K
- **Health care:** $39K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*