# PPP loan: MONARCH PRODUCTS INC.
> **$190K** approved 02/03/2021 · Paid in Full · Loan `2566528405`
## Borrower
- **Name:** MONARCH PRODUCTS INC.
- **Address:** 30500 Garbani Rd, Menifee, CA, 92584-8538
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $190K
- **Jobs reported:** 17
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*