# PPP loan: DEERY BROTHERS FORD-LINCOLN, INC.
> **$475K** approved 04/05/2020 · Paid in Full · Loan `5227767007`
## Borrower
- **Name:** DEERY BROTHERS FORD-LINCOLN, INC.
- **Address:** 2343 Mormon Trek Blvd, IOWA CITY, IA, 52246-4311
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Jobs reported:** 40
## Lender
- **Originating:** Farmers and Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*