# PPP loan: SYLVANDER HEATING INC.
> **$509K** approved 01/20/2021 · Paid in Full · Loan `2279418306`
## Borrower
- **Name:** SYLVANDER HEATING INC.
- **Address:** 412 Tyler Rd N, Red Wing, MN, 55066-1877
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $514K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $509K
- **Jobs reported:** 34
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*