# PPP loan: IFP ACQUISITION LLC
> **$367K** approved 01/31/2021 · Exemption 4 · Loan `9569108307`
## Borrower
- **Name:** IFP ACQUISITION LLC
- **Address:** 105 W Broad St Ste 100, Falls Church, VA, 22046-4236
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $342K (93%)
- **Forgiveness date:** 06/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*