# PPP loan: H. A. PHILLIPS & CO.
> **$494K** approved 04/14/2020 · Paid in Full · Loan `7967007105`
## Borrower
- **Name:** H. A. PHILLIPS & CO.
- **Address:** 770 ENTERPRISE AVE, DEKALB, IL, 60115-7904
- **NAICS:** 333415
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $497K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Rent:** $49K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 33
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*