# PPP loan: RITE WAY HEATING & A/C INC.
> **$250K** approved 01/23/2021 · Paid in Full · Loan `4432298303`
## Borrower
- **Name:** RITE WAY HEATING & A/C INC.
- **Address:** 3095 NW 366th Pl, Cornelius, OR, 97113-6301
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*