Phillips Precision, Inc.

$2,705,200 PPP Loan in Elmwood Park, New Jersey

Loan Details

Loan Number
9328217003
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$2,705,200
Current Approval
$2,705,200
Forgiveness Amount
$2,737,602
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Phillips Precision, Inc.
Address
7 Paul Kohner Place 0.0
ZIP Code
07407-3208
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (339112)
Business Age
Existing or more than 2 years old
Jobs Reported
187
Estimated Revenue
$52.2M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$2,101,889
Rent
$66,667
Utilities
$60,716
Health Care
$175,928
Mortgage Interest
$300,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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