# PPP loan: MONARK EQUIPMENT TECHNOLOGIES COMPANY
> **$183K** approved 06/05/2020 · Paid in Full · Loan `8149237804`
## Borrower
- **Name:** MONARK EQUIPMENT TECHNOLOGIES COMPANY
- **Address:** 4533 S. GARFIELD RD, AUBURN, MI, 48611-9504
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Rent:** $22K
- **Utilities:** $24K
- **Jobs reported:** 14
## Lender
- **Originating:** Thumb Bank & Trust
- **Servicing:** Thumb Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*