# PPP loan: MONTROSE FORD-LINCOLN-MERCURY, INC.
> **$595K** approved 01/16/2021 · Paid in Full · Loan `1305078300`
## Borrower
- **Name:** MONTROSE FORD-LINCOLN-MERCURY, INC.
- **Address:** 100 Merchant Dr, Montrose, CO, 81401-3017
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $595K
- **Initial approval:** $595K
- **Forgiven:** $601K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $595K
- **Jobs reported:** 48
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*