# PPP loan: PHIL LONG DEALERSHIPS, INC
> **$1.14M** approved 04/05/2020 · Paid in Full · Loan `5508397010`
## Borrower
- **Name:** PHIL LONG DEALERSHIPS, INC
- **Address:** 1212 Motor City Drive, COLORADO SPRINGS, CO, 80905-7315
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Jobs reported:** 65
## Lender
- **Originating:** UMB Bank, National Association
- **Servicing:** UMB Bank, National Association (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*