Phoenix Electric Corp.

$788,700 PPP Loan in Canton, Massachusetts

Loan Details

Loan Number
4691057005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$788,700
Current Approval
$788,700
Forgiveness Amount
$795,316
Forgiveness Date
Feb 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Phoenix Electric Corp.
Address
40 Hudson Rd
City
Canton
ZIP Code
02021-1407
Business Type
Corporation
Industry (NAICS)
Manufacturing (335311)
Business Age
Existing or more than 2 years old
Jobs Reported
63
Estimated Revenue
$16.5M
Rural/Urban
Urban
Congressional District
MA-08

Loan Use Breakdown

Payroll
$591,525
Rent
$98,587
Utilities
$98,588

Lender Information

Servicing Lender
The Bank of Canton
Originating Lender
The Bank of Canton

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