# PPP loan: ANSWER HEATING AND COOLING, INC.
> **$485K** approved 04/03/2020 · Paid in Full · Loan `4430307010`
## Borrower
- **Name:** ANSWER HEATING AND COOLING, INC.
- **Address:** 8490 MIDLAND RD, FREELAND, MI, 48623-8432
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Rent:** $20K
- **Utilities:** $3K
- **Health care:** $39K
- **Debt interest:** $5K
- **Jobs reported:** 43
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*