# PPP loan: RAY'S HEATING AND AIR CONDITIONING INC.
> **$296K** approved 04/27/2020 · Paid in Full · Loan `4494547207`
## Borrower
- **Name:** RAY'S HEATING AND AIR CONDITIONING INC.
- **Address:** 500 N. SAINT JOSEPH AVE, EVANSVILLE, IN, 47712-5553
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 23
## Lender
- **Originating:** Banterra Bank
- **Servicing:** Banterra Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*