# PPP loan: MARCOTTE FORD SALES INC.
> **$1.31M** approved 04/05/2021 · Paid in Full · Loan `7160938707`
## Borrower
- **Name:** MARCOTTE FORD SALES INC.
- **Address:** 1025 Main St, Holyoke, MA, 01040-5343
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.31M
- **Utilities:** $1
- **Jobs reported:** 109
## Lender
- **Originating:** Westfield Bank
- **Servicing:** Westfield Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*