# PPP loan: MONTROSE FORD-LINCOLN-MERCURY, INC.
> **$553K** approved 04/05/2020 · Paid in Full · Loan `5161347006`
## 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:** $553K
- **Initial approval:** $553K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $414K
- **Rent:** $69K
- **Utilities:** $69K
- **Jobs reported:** 39
## 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*