# PPP loan: PHOENIX INSURANCE GROUP INC.
> **$1.18M** approved 04/08/2020 · Paid in Full · Loan `8428577009`
## Borrower
- **Name:** PHOENIX INSURANCE GROUP INC.
- **Address:** 205 Main Street, CHESTER, NJ, 07930-2528
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $886K
- **Rent:** $295K
- **Jobs reported:** 70
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*