# PPP loan: PHILLIPS INSURANCE AGENCY INC
> **$300K** approved 04/06/2020 · Paid in Full · Loan `6294837009`
## Borrower
- **Name:** PHILLIPS INSURANCE AGENCY INC
- **Address:** 97 CENTER ST, CHICOPEE, MA, 01013-1664
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 24
## Lender
- **Originating:** Westfield Bank
- **Servicing:** Westfield Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*