# PPP loan: FAMILY HEATING CO., INC.
> **$1.54M** approved 05/01/2020 · Paid in Full · Loan `2580627705`
## Borrower
- **Name:** FAMILY HEATING CO., INC.
- **Address:** 30210 FORD RD, GARDEN CITY, MI, 48135
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Health care:** $238K
- **Debt interest:** $2K
- **Jobs reported:** 127
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*