# PPP loan: PHILLIPS AIR COMPRESSOR INC.
> **$150K** approved 04/14/2020 · Paid in Full · Loan `6573397109`
## Borrower
- **Name:** PHILLIPS AIR COMPRESSOR INC.
- **Address:** 5946 S. WESTERN AVE /, CHICAGO, IL, 60636-2018
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 10
## Lender
- **Originating:** Burling Bank
- **Servicing:** Burling Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*