ASSOCIATED INSURANCE ADMINISTRATORS, INC (AL) - 2020 PPP Loan Borrower Profile (# 7595127104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ASSOCIATED INSURANCE ADMINISTRATORS, INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

7595127104

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$379,655

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$384,221.41

Date Loan was Forgiven

Jun 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

284,741.25

Mortgage Interest Proceed

94,913.75

Lender

First Source Federal Credit Union

Business Detail

Business Type

Corporation

NAICS

524298

Borrower Location

MONTGOMERY, AL

Project Location

MONTGOMERY, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.