# PPP loan: PHOENIX ALTERNATIVES INC.
> **$764K** approved 02/24/2021 · Paid in Full · Loan `3914448505`
## Borrower
- **Name:** PHOENIX ALTERNATIVES INC.
- **Address:** 3700 Highway 61 N Ste 200, White Bear Lake, MN, 55110-4132
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $764K
- **Initial approval:** $764K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $764K
- **Utilities:** $1
- **Jobs reported:** 76
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*