# PPP loan: RIVERLANDS INSURANCE AGENCY, INC.
> **$500K** approved 04/06/2020 · Paid in Full · Loan `6407277004`
## Borrower
- **Name:** RIVERLANDS INSURANCE AGENCY, INC.
- **Address:** 492 W 5TH ST, LA PLACE, LA, 70068-3939
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Utilities:** $5K
- **Health care:** $70K
- **Jobs reported:** 55
## Lender
- **Originating:** First American Bank & Trust
- **Servicing:** First American Bank & Trust (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*