# PPP loan: PHLAG MECHANICAL INC
> **$435K** approved 04/05/2020 · Paid in Full · Loan `5110767003`
## Borrower
- **Name:** PHLAG MECHANICAL INC
- **Address:** 18 DREW AVE NE; PO Box 249, MADELIA, MN, 56062-1906
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $435K
- **Forgiven:** $438K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $435K
- **Jobs reported:** 21
## Lender
- **Originating:** Citizens Bank Minnesota
- **Servicing:** Citizens Bank Minnesota (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*