# PPP loan: FORD OF MONTEBELLO, INC
> **$1.22M** approved 04/13/2020 · Paid in Full · Loan `5013737101`
## Borrower
- **Name:** FORD OF MONTEBELLO, INC
- **Address:** 2747 VIA CAMPO, MONTEBELLO, CA, 90640-1701
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $979K
- **Mortgage interest:** $245K
- **Jobs reported:** 88
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*