# PPP loan: MONARCH LEASING INC.
> **$869K** approved 04/14/2020 · Paid in Full · Loan `7211157104`
## Borrower
- **Name:** MONARCH LEASING INC.
- **Address:** 195 N 30th St, San Jose, CA, 95116-1124
- **NAICS:** 532120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $869K
- **Initial approval:** $869K
- **Forgiven:** $874K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $627K
- **Rent:** $105K
- **Utilities:** $16K
- **Health care:** $103K
- **Debt interest:** $17K
- **Jobs reported:** 71
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*