# PPP loan: MONROE BARTELS, INC.
> **$605K** approved 04/03/2020 · Paid in Full · Loan `4526237007`
## Borrower
- **Name:** MONROE BARTELS, INC.
- **Address:** 10225 E State Hwy 33, EFFINGHAM, IL, 62401-1111
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $454K
- **Rent:** $76K
- **Utilities:** $76K
- **Jobs reported:** 43
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*