# PPP loan: BUICK GMC OF ROCHESTER, INC.
> **$511K** approved 04/07/2020 · Paid in Full · Loan `7160687000`
## Borrower
- **Name:** BUICK GMC OF ROCHESTER, INC.
- **Address:** 4646 Highway 52 North, ROCHESTER, MN, 55901-0151
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $511K
- **Initial approval:** $511K
- **Forgiven:** $516K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $94K
- **Utilities:** $8K
- **Health care:** $12K
- **Jobs reported:** 43
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*