# PPP loan: THOMPSON PHELAN GROUP, INC
> **$291K** approved 04/05/2020 · Paid in Full · Loan `5424167003`
## Borrower
- **Name:** THOMPSON PHELAN GROUP, INC
- **Address:** 9834 Dixie Highway, ANCHORVILLE, MI, 48004-0105
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $271K
- **Rent:** $15K
- **Utilities:** $6K
- **Jobs reported:** 20
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*