# PPP loan: MONARCH
> **$10.00M** approved 04/29/2020 · Paid in Full · Loan `3810107300`
## Borrower
- **Name:** MONARCH
- **Address:** 350 PEE DEE AVE STE A, ALBEMARLE, NC, 28001-4932
- **NAICS:** 621420
- **Business type:** Professional Association
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.17M (102%)
- **Forgiveness date:** 01/10/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $10.00M
- **Jobs reported:** 500
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*