# PPP loan: PHILMAC, INC.
> **$245K** approved 04/30/2020 · Paid in Full · Loan `5963927310`
## Borrower
- **Name:** PHILMAC, INC.
- **Address:** 42 HUDSON ST SUITE 209, ANNAPOLIS, MD, 21401-3167
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 22
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*