# PPP loan: MCGOWAN HEATING & AIR, INC
> **$281K** approved 04/13/2020 · Paid in Full · Loan `4212447106`
## Borrower
- **Name:** MCGOWAN HEATING & AIR, INC
- **Address:** 820 Person Street, Fayetteville, NC, 28301
- **NAICS:** 561312
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $281K
- **Jobs reported:** 26
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*