# PPP loan: PHOENIX COMMUNICATIONS, INC.
> **$2.23M** approved 04/03/2020 · Paid in Full · Loan `4367397000`
## Borrower
- **Name:** PHOENIX COMMUNICATIONS, INC.
- **Address:** 25 BOWDITCH DR, SHREWSBURY, MA, 01545-1704
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.23M
- **Initial approval:** $2.23M
- **Forgiven:** $2.26M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.23M
- **Jobs reported:** 145
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*