# PPP loan: ALABAMA INSURANCE EXCHANGE, INC.
> **$208K** approved 04/11/2020 · Paid in Full · Loan `3556697110`
## Borrower
- **Name:** ALABAMA INSURANCE EXCHANGE, INC.
- **Address:** 2032 Valleydale Raod, HOOVER, AL, 35244-2095
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Jobs reported:** 18
## Lender
- **Originating:** Robertson Banking Company
- **Servicing:** Robertson Banking Company (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*