# PPP loan: PHILIP ALAN, INC.
> **$419K** approved 04/27/2020 · Paid in Full · Loan `4718607201`
## Borrower
- **Name:** PHILIP ALAN, INC.
- **Address:** 1050 Massachusetts Avenue, Cambridge, MA, 02138
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $72K
- **Utilities:** $7K
- **Jobs reported:** 45
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*