# PPP loan: PHILIPSBURG OPERATING GROUP
> **$213K** approved 04/13/2020 · Exemption 4 · Loan `5541677100`
## Borrower
- **Name:** PHILIPSBURG OPERATING GROUP
- **Address:** 1313 US HIGHWAY 22 W, PHILLIPSBURG, NJ, 08865-4103
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $182K (86%)
- **Forgiveness date:** 08/12/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $213K
- **Jobs reported:** 45
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*