# PPP loan: PHOENIX DIVERSIFIED GROUP INC
> **$620K** approved 02/12/2021 · Paid in Full · Loan `7782438410`
## Borrower
- **Name:** PHOENIX DIVERSIFIED GROUP INC
- **Address:** 53 Indian Ln E, Towaco, NJ, 07082-1025
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $384K (62%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $620K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*