# PPP loan: PHOENIX TEXTILE RESTORATION INC.
> **$171K** approved 04/28/2020 · Paid in Full · Loan `7836057207`
## Borrower
- **Name:** PHOENIX TEXTILE RESTORATION INC.
- **Address:** 537 S. Glendora Ave., West Covina, CA, 91790-3006
- **NAICS:** 448140
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $30K
- **Utilities:** $13K
- **Jobs reported:** 21
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*