# PPP loan: PHELPS INDUSTRIES INC
> **$439K** approved 04/07/2020 · Paid in Full · Loan `7298337003`
## Borrower
- **Name:** PHELPS INDUSTRIES INC
- **Address:** 1700 E 9TH ST, LITTLE ROCK, AR, 72202-4204
- **NAICS:** 333131
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $442K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $439K
- **Jobs reported:** 52
## Lender
- **Originating:** First Security Bank
- **Servicing:** First Security Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*