# PPP loan: LOESCHER HEATING AND AIR CONDITIONING
> **$1.30M** approved 04/05/2020 · Paid in Full · Loan `5232837009`
## Borrower
- **Name:** LOESCHER HEATING AND AIR CONDITIONING
- **Address:** 1860 S WALNUT RD, FREEPORT, IL, 61032-9523
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $973K
- **Mortgage interest:** $162K
- **Utilities:** $162K
- **Jobs reported:** 56
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*