# PPP loan: FOUNDATION LIFE INSURANCE COMPANY OF ARKANSAS
> **$300K** approved 04/09/2020 · Paid in Full · Loan `9014117005`
## Borrower
- **Name:** FOUNDATION LIFE INSURANCE COMPANY OF ARKANSAS
- **Address:** 109 North 6th Street, FORT SMITH, AR, 72901-2103
- **NAICS:** 524113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $25K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 22
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*