# PPP loan: PHELPS IGA, INC.
> **$217K** approved 04/15/2020 · Paid in Full · Loan `9567837107`
## Borrower
- **Name:** PHELPS IGA, INC.
- **Address:** 30011 W HWY 51 - PO BOX 1240, MANNFORD, OK, 74044-1240
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 55
## Lender
- **Originating:** American Heritage Bank
- **Servicing:** American Heritage Bank (OK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*