# PPP loan: PHILLIPS SALES, INC.
> **$1.30M** approved 04/07/2020 · Paid in Full · Loan `7119017007`
## Borrower
- **Name:** PHILLIPS SALES, INC.
- **Address:** 8629 US HIGHWAY 441, LEESBURG, FL, 34788-4010
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 105
## Lender
- **Originating:** United Southern Bank
- **Servicing:** United Southern Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*