# PPP loan: PHILLIPS & COHEN ASSOCIATES, LTD.
> **$2.46M** approved 04/27/2020 · Paid in Full · Loan `5311157200`
## Borrower
- **Name:** PHILLIPS & COHEN ASSOCIATES, LTD.
- **Address:** 1002 Justison Street, Wilmington, DE, 19801
- **NAICS:** 561440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.46M
- **Initial approval:** $2.46M
- **Forgiven:** $2.49M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.23M
- **Rent:** $104K
- **Utilities:** $59K
- **Health care:** $69K
- **Jobs reported:** 237
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*