# PPP loan: MONROE HARDWARE COMPANY INC
> **$1.07M** approved 04/27/2020 · Paid in Full · Loan `3849317203`
## Borrower
- **Name:** MONROE HARDWARE COMPANY INC
- **Address:** 101 NORTH SUTHERLAND AVE, MONROE, NC, 28110-3601
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $986K
- **Rent:** $48K
- **Utilities:** $40K
- **Jobs reported:** 147
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*