# PPP loan: PHOENIX PRECISION INC
> **$251K** approved 03/20/2021 · Paid in Full · Loan `5231268608`
## Borrower
- **Name:** PHOENIX PRECISION INC
- **Address:** 2963 State Rt 23, Newfoundland, NJ, 07435-1419
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*