# PPP loan: LIFE INSURANCE SETTLEMENTS, INC.
> **$277K** approved 04/13/2020 · Paid in Full · Loan `4427297106`
## Borrower
- **Name:** LIFE INSURANCE SETTLEMENTS, INC.
- **Address:** 1180 SW 36TH AVE Suite 201, POMPANO BEACH, FL, 33069-4835
- **NAICS:** 524113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $24K
- **Utilities:** $8K
- **Health care:** $60K
- **Jobs reported:** 15
## Lender
- **Originating:** American National Bank
- **Servicing:** American National Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*