# PPP loan: MONARCH ENTERPRISES INC
> **$1.85M** approved 04/16/2020 · Paid in Full · Loan `2298037200`
## Borrower
- **Name:** MONARCH ENTERPRISES INC
- **Address:** 117 S LIVELY BLVD, ELK GROVE VILLAGE, IL, 60007
- **NAICS:** 238130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Jobs reported:** 57
## Lender
- **Originating:** Republic Bank of Chicago
- **Servicing:** Republic Bank of Chicago (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*