Monroe, NC — PPP Loan Data

Monroe, North Carolina received 2,035 Paycheck Protection Program loans totaling $140.7M. The average loan in the city was $69,120 — above the national program average of approximately $67,000.

92.6% of loans in Monroe — totaling $137.1M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Monroe were TRUE HOMES, LLC ($5,511,700), STATE UTILITY CONTRACTORS, INC. ($2,454,520), and CARLSON ENVIRONMENTAL CONSULTANTS, PC ($2,055,300).

The most active industry sector in Monroe was Personal Care Services with 112 loans worth $1.4M, followed by General Freight Trucking (108 loans).

Applicants in Monroe reported retaining 16,846 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Monroe is part of North Carolina, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.