# PPP loan: STIVERS FORD LINCOLN, INC.
> **$1.34M** approved 04/05/2020 · Paid in Full · Loan `5242887006`
## Borrower
- **Name:** STIVERS FORD LINCOLN, INC.
- **Address:** 4000 EASTERN BLVD, MONTGOMERY, AL, 36116-2642
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Rent:** $269K
- **Utilities:** $67K
- **Jobs reported:** 125
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*