# PPP loan: PHOENIX ASCENDING, INC.
> **$198K** approved 04/09/2020 · Paid in Full · Loan `9235547009`
## Borrower
- **Name:** PHOENIX ASCENDING, INC.
- **Address:** 6528 Woodworth Ct, INDIANAPOLIS, IN, 46237-3167
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Rent:** $9K
- **Utilities:** $9K
- **Debt interest:** $17K
- **Jobs reported:** 30
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*