# PPP loan: MONARC CONSTRUCTION INC
> **$1.18M** approved 04/27/2020 · Paid in Full · Loan `4231437207`
## Borrower
- **Name:** MONARC CONSTRUCTION INC
- **Address:** 2781 HARTLAND ROAD, FALLS CHURCH, VA, 22043
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 69
## Lender
- **Originating:** EagleBank
- **Servicing:** EagleBank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*