# PPP loan: MONARCH BUSINESS AND WEALTH MANAGEMENT, LLC
> **$336K** approved 04/07/2020 · Paid in Full · Loan `7558157005`
## Borrower
- **Name:** MONARCH BUSINESS AND WEALTH MANAGEMENT, LLC
- **Address:** 209 EAST 31ST ST, NEW YORK, NY, 10016-6302
- **NAICS:** 541611
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $336K
- **Initial approval:** $336K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Health care:** $29K
- **Jobs reported:** 17
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*