# PPP loan: IDEAL HEATING COMPANY
> **$468K** approved 02/24/2021 · Paid in Full · Loan `3587318503`
## Borrower
- **Name:** IDEAL HEATING COMPANY
- **Address:** 9515 Southview Ave, Brookfield, IL, 60513-1529
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $477K (102%)
- **Forgiveness date:** 12/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $468K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*