# PPP loan: MARYLAND AUTOMOBILE INSURANCE FUND
> **$4.61M** approved 04/15/2020 · Paid in Full · Loan `1000027201`
## Borrower
- **Name:** MARYLAND AUTOMOBILE INSURANCE FUND
- **Address:** 1215 East Fort Avenue Suite 300, Baltimore, MD, 21230
- **NAICS:** 525190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.61M
- **Initial approval:** $4.61M
- **Forgiven:** $4.30M (93%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.10M
- **Rent:** $359K
- **Utilities:** $22K
- **Health care:** $1.13M
- **Jobs reported:** 225
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*