# PPP loan: L.A. INSURANCE AGENCY FRANCHISING L.L.C.
> **$617K** approved 01/25/2021 · Exemption 4 · Loan `5720978305`
## Borrower
- **Name:** L.A. INSURANCE AGENCY FRANCHISING L.L.C.
- **Address:** 812 S Main St Ste 200, Royal Oak, MI, 48067-3280
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $206K (33%)
- **Forgiveness date:** 03/31/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $616K
- **Utilities:** $1
- **Jobs reported:** 74
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*