# PPP loan: MICHAEL W PHILLIPS INC
> **$235K** approved 06/15/2020 · Paid in Full · Loan `5391897906`
## Borrower
- **Name:** MICHAEL W PHILLIPS INC
- **Address:** 285 scarlett road, KENNETT SQUARE, PA, 19348-2671
- **NAICS:** 111998
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $235K
- **Jobs reported:** 25
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*