Montrose Ford-Lincoln-Mercury, Inc.

$552,500 PPP Loan in Montrose, Colorado

Loan Details

Loan Number
5161347006
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$552,500
Current Approval
$552,500
Forgiveness Amount
$557,841
Forgiveness Date
Mar 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Montrose Ford-Lincoln-Mercury, Inc.
Address
100 Merchant Dr
ZIP Code
81401-3017
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$9.8M
Rural/Urban
Rural
Congressional District
CO-03

Loan Use Breakdown

Payroll
$414,375
Rent
$69,063
Utilities
$69,063

Lender Information

Servicing Lender
Timberline Bank
Originating Lender
Timberline Bank

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