# PPP loan: PHOENIX GOSPEL MISSION, INC.
> **$1.01M** approved 04/14/2020 · Paid in Full · Loan `7404777109`
## Borrower
- **Name:** PHOENIX GOSPEL MISSION, INC.
- **Address:** 1540 W VAN BUREN ST, PHOENIX, AZ, 85007-2414
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $980K (97%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $755K
- **Mortgage interest:** $126K
- **Utilities:** $126K
- **Jobs reported:** 104
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*