# PPP loan: ROSES AUTOMOTIVE
> **$172K** approved 04/29/2020 · Paid in Full · Loan `2404007305`
## Borrower
- **Name:** ROSES AUTOMOTIVE
- **Address:** 26 N MAIN ST, SHERBORN, MA, 01770-1516
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Mortgage interest:** $8K
- **Utilities:** $8K
- **Jobs reported:** 11
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*