# PPP loan: DEGREE HVAC, INC.
> **$650K** approved 04/16/2020 · Paid in Full · Loan `2402717204`
## Borrower
- **Name:** DEGREE HVAC, INC.
- **Address:** 2566 BAY RD, REDWOOD CITY, CA, 94063-3014
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Jobs reported:** 30
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*