# PPP loan: PHOENIX ENGINEERING INC.
> **$708K** approved 03/01/2021 · Paid in Full · Loan `5626188504`
## Borrower
- **Name:** PHOENIX ENGINEERING INC.
- **Address:** 21132 Old York Rd, Parkton, MD, 21120-9132
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $708K
- **Initial approval:** $708K
- **Forgiven:** $713K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $708K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*