# PPP loan: PROGRESSIVE HEATING & AIR CONDITIONING CORP.
> **$314K** approved 04/10/2020 · Paid in Full · Loan `1894517106`
## Borrower
- **Name:** PROGRESSIVE HEATING & AIR CONDITIONING CORP.
- **Address:** 9 Tower Place, Newnan, GA, 30263-1481
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $22K
- **Utilities:** $11K
- **Jobs reported:** 28
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*