L.a. Insurance Agency Franchising L.l.c.

$616,500 PPP Loan in Royal Oak, Michigan

Loan Details

Loan Number
5720978305
Date Approved
Jan 25, 2021
Loan Status
Exemption 4
Initial Approval
$616,500
Current Approval
$616,500
Forgiveness Amount
$206,357
Forgiveness Date
Mar 31, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
L.a. Insurance Agency Franchising L.l.c.
Address
812 S Main St Ste 200
ZIP Code
48067-3280
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
74
Estimated Revenue
$38.0M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$616,497
Utilities
$1

Lender Information

Servicing Lender
Bmo Bank National Association
Originating Lender
Bmo Bank National Association

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