# PPP loan: PHOENIX MODULAR ELEVATOR, INC.
> **$397K** approved 04/03/2020 · Paid in Full · Loan `4370577007`
## Borrower
- **Name:** PHOENIX MODULAR ELEVATOR, INC.
- **Address:** 4800 Phoenix Drive, MOUNT VERNON, IL, 62864-4212
- **NAICS:** 333921
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $399K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 37
## Lender
- **Originating:** Community First Bank of the Heartland
- **Servicing:** Community First Bank of the Heartland (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*