As part of the Paycheck Protection Program MONARCH was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MONARCH


Loan Amount	$10,000,000
BusinessName	MONARCH
Address	350 PEE DEE AVE STE A
City	ALBEMARLE
State	NC
Zip	28001
NAICSCode	621420
BusinessType	Professional Association
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	500
DateApproved	04/29/2020
Lender	First-Citizens Bank & Trust Company
CD	NC-08
BusinessName.clean	MONARCH

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MONARCH BUS SERVICE
MONARCH CONSTRUCTION COMPANY
MONARCH ENTERPRISES
MONARCH HEALTHCARE MANAGEMENT IV
MONARCH HEALTHCARE OPERATING VII