# PPP loan: INSURAMAX, INC.
> **$1.00M** approved 04/15/2020 · Paid in Full · Loan `8535867106`
## Borrower
- **Name:** INSURAMAX, INC.
- **Address:** 2200 GREENE WAY, LOUISVILLE, KY, 40220-4026
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $998K (99%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $753K
- **Utilities:** $251K
- **Jobs reported:** 40
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*