# PPP loan: PHILLIPS REALTY CAPITAL CORPORATION
> **$553K** approved 04/08/2020 · Paid in Full · Loan `8051997005`
## Borrower
- **Name:** PHILLIPS REALTY CAPITAL CORPORATION
- **Address:** 6106 MacArthur Blvd, BETHESDA, MD, 20816-3204
- **NAICS:** 522390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $564K (102%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $26K
- **Health care:** $32K
- **Jobs reported:** 21
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*