PPP Loan information for Montrose ford-lincoln-mercury, inc.

$595,305

Montrose ford-lincoln-mercury, inc. was initially approved for PPP Loan of amount $595,305, the current approved amount is $595,305. The loan was approved on 01/16/2021 by The Timberline Bank reported 48 jobs and $595,305 was used to fund payroll.

Montrose ford-lincoln-mercury, inc. is Existing or more than 2 years old

PPP Loan Search / CO / Montrose / Montrose ford-lincoln-mercury, inc.

MONTROSE FORD-LINCOLN-MERCURY, INC.

Date Approved

01/16/2021

SBA Office Code

0811

Processing Method

PPS

Borrower Name

MONTROSE FORD-LINCOLN-MERCURY, INC.

Borrower Address

100 Merchant Dr

Borrower City

Montrose

Borrower State

CO

Borrower Zip

81401-3017

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

595305.00

Current Approval Amount

595305.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

426411

Servicing Lender Name

Timberline Bank

Servicing Lender Address

649 Market Street

Servicing Lender City

GRAND JUNCTION

Servicing Lender State

CO

Servicing Lender Zip

81505

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Montrose

Project County Name

MONTROSE

Project State

CO

Project Zip

81401-3017

CD

CO-03

Jobs Reported

48

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

595305.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

426411

Originating Lender

Timberline Bank

Originating Lender City

GRAND JUNCTION

Originating Lender State

CO

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

601092.69

Forgiveness Date

01/06/2022

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