# PPP loan: PHOENIX DOWN CORP
> **$335K** approved 03/24/2021 · Paid in Full · Loan `8261048606`
## Borrower
- **Name:** PHOENIX DOWN CORP
- **Address:** 85 US Highway 46, Totowa, NJ, 07512-2301
- **NAICS:** 314120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $337K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $335K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*