# PPP loan: MONARCH ART & FRAME, INC.
> **$421K** approved 04/09/2020 · Paid in Full · Loan `9443517005`
## Borrower
- **Name:** MONARCH ART & FRAME, INC.
- **Address:** 7700 Gloria Avenue, VAN NUYS, CA, 91406-1819
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $413K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $389K
- **Rent:** $27K
- **Utilities:** $5K
- **Jobs reported:** 45
## Lender
- **Originating:** Axos Bank
- **Servicing:** Axos Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*