# PPP loan: EM2 AUTOMOBILES INC
> **$470K** approved 02/12/2021 · Paid in Full · Loan `7724358401`
## Borrower
- **Name:** EM2 AUTOMOBILES INC
- **Address:** 1209 Main St, Fort Morgan, CO, 80701-2052
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $472K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $470K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*