# PPP loan: MONARCHIE 1 INC
> **$219K** approved 02/09/2021 · Charged Off · Loan `5777218410`
## Borrower
- **Name:** MONARCHIE 1 INC
- **Address:** 1223 jaclson avenue 1223 jaclson avenue, Long Island City, NY, 11101
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $109K (50%)
- **Forgiveness date:** 11/25/2022
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $219K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*