# PPP loan: PHOENIX MOTOR COMPANY
> **$1.73M** approved 04/10/2020 · Paid in Full · Loan `1230757105`
## Borrower
- **Name:** PHOENIX MOTOR COMPANY
- **Address:** 4725 N Scottsdale Rd 0.0, Scottsdale, AZ, 85251-1004
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.64M
- **Utilities:** $34K
- **Health care:** $58K
- **Jobs reported:** 99
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*