# PPP loan: NEW MONARCH MACHINE TOOL, INC.
> **$243K** approved 04/28/2020 · Paid in Full · Loan `7095697202`
## Borrower
- **Name:** NEW MONARCH MACHINE TOOL, INC.
- **Address:** 839 NYS ROUTE 13 #11, CORTLAND, NY, 13045
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $243K
- **Jobs reported:** 18
## Lender
- **Originating:** Enterprise Bank & Trust
- **Servicing:** Enterprise Bank & Trust (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*