A. FORBES INSURANCE AGENCY, LLC (MI) - 2020 PPP Loan Borrower Profile (# 2485167700)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A. FORBES INSURANCE AGENCY, LLC. 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 Michigan.

Loan Detail

Loan Number

2485167700

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$10,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$10,088.47

Date Loan was Forgiven

Mar 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

250

Payroll Proced

6,800

Rent Proceed

2,950

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

561510

Borrower Location

YPSILANTI, MI

Project Location

YPSILANTI, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.