# PPP loan: PHOENIX BUILDERS, LTD.
> **$583K** approved 04/07/2020 · Paid in Full · Loan `7021587005`
## Borrower
- **Name:** PHOENIX BUILDERS, LTD.
- **Address:** 1801 Winnetka Circle, ROLLING MEADOWS, IL, 60008-1365
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Rent:** $87K
- **Utilities:** $58K
- **Jobs reported:** 47
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*