# PPP loan: MONARCA INC.
> **$312K** approved 04/27/2020 · Paid in Full · Loan `6239887206`
## Borrower
- **Name:** MONARCA INC.
- **Address:** 6365 Pacific Blvd., HUNTINGTON PARK, CA, 90255
- **NAICS:** 311811
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Rent:** $50K
- **Utilities:** $5K
- **Health care:** $7K
- **Jobs reported:** 65
## Lender
- **Originating:** First Utah Bank
- **Servicing:** First Utah Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*