# PPP loan: PHOENIX SYSTEMS & SERVICE, INC.
> **$676K** approved 05/01/2020 · Paid in Full · Loan `2965657704`
## Borrower
- **Name:** PHOENIX SYSTEMS & SERVICE, INC.
- **Address:** 362 S SCHMALE RD, CAROL STREAM, IL, 60188
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $676K
- **Initial approval:** $676K
- **Forgiven:** $682K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $32K
- **Utilities:** $7K
- **Health care:** $36K
- **Jobs reported:** 360
## 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*