# PPP loan: PHILLIPS DISTRIBUTING CORPORATION
> **$426K** approved 04/10/2020 · Paid in Full · Loan `1259637108`
## Borrower
- **Name:** PHILLIPS DISTRIBUTING CORPORATION
- **Address:** 3010 Nob Hill Rd 0.0, Madison, WI, 53713-4051
- **NAICS:** 424820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Rent:** $50K
- **Utilities:** $13K
- **Debt interest:** $22K
- **Jobs reported:** 54
## 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*