# PPP loan: PHOENIX ELECTRIC CO INC
> **$181K** approved 02/24/2021 · Paid in Full · Loan `3614798503`
## Borrower
- **Name:** PHOENIX ELECTRIC CO INC
- **Address:** 1610 Lasalle Rd 1610 Lasalle Rd, Forest Hill, MD, 21050-2521
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $181K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*