# PPP loan: S. B. PHILLIPS CO., INC.
> **$7.06M** approved 06/29/2020 · Paid in Full · Loan `6043518009`
## Borrower
- **Name:** S. B. PHILLIPS CO., INC.
- **Address:** 55 East Camperdown Way, GREENVILLE, SC, 29601-3511
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.06M
- **Initial approval:** $7.06M
- **Forgiven:** $7.14M (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $6.18M
- **Rent:** $459K
- **Mortgage interest:** $71K
- **Utilities:** $141K
- **Debt interest:** $212K
- **Jobs reported:** 500
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*