# PPP loan: PACE INSURANCE MANAGERS, INC
> **$169K** approved 04/07/2020 · Paid in Full · Loan `7517647003`
## Borrower
- **Name:** PACE INSURANCE MANAGERS, INC
- **Address:** 408 N ARKANSAS ST, SPRINGHILL, LA, 71075-2602
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $20K
- **Utilities:** $9K
- **Jobs reported:** 15
## Lender
- **Originating:** BOM Bank
- **Servicing:** BOM Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*