# PPP loan: PHOENIX ALTERNATIVES, INC.
> **$760K** approved 04/12/2020 · Paid in Full · Loan `3979447107`
## Borrower
- **Name:** PHOENIX ALTERNATIVES, INC.
- **Address:** 3700 HIGHWAY 61 N SUITE 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:** $760K
- **Initial approval:** $760K
- **Forgiven:** $765K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $627K
- **Rent:** $27K
- **Utilities:** $16K
- **Health care:** $90K
- **Jobs reported:** 112
## 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*