# PPP loan: PHILLIPS MUSHROOM FARMS INC
> **$812K** approved 04/28/2020 · Paid in Full · Loan `6880887201`
## Borrower
- **Name:** PHILLIPS MUSHROOM FARMS INC
- **Address:** PO Box 190, Kennett Square, PA, 19348
- **NAICS:** 111411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $812K
- **Initial approval:** $812K
- **Forgiven:** $821K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Utilities:** $203K
- **Jobs reported:** 55
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*