AM INSURANCE INC. (GU) - 2020 PPP Loan Borrower Profile (# 2241007201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AM INSURANCE 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 Guam.

Loan Detail

Loan Number

2241007201

SBA Office Code

0951

Processing Method

PPP

Curent Loan Amount

$190,742

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$192,482.19

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

19,887

Payroll Proced

153,230

Mortgage Interest Proceed

2,700

Rent Proceed

14,925

Lender

Bank of Guam

Business Detail

Business Type

Corporation

NAICS

524210

Borrower Location

HAGATNA, GU

Project Location

HAGATNA, GU

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.