# PPP loan: AM INSURANCE INC.
> **$191K** approved 04/15/2020 · Paid in Full · Loan `2241007201`
## Borrower
- **Name:** AM INSURANCE INC.
- **Address:** J&G Comml Ctr, Ste 113F 215A Chalan Santo Papa St, HAGATNA, GU, 96910
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $191K
- **Initial approval:** $191K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $15K
- **Mortgage interest:** $3K
- **Utilities:** $20K
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of Guam
- **Servicing:** Bank of Guam (GU)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*