# PPP loan: FERRARAS HEATING & AIR CONDITIONING INC
> **$495K** approved 04/13/2020 · Paid in Full · Loan `5243097105`
## Borrower
- **Name:** FERRARAS HEATING & AIR CONDITIONING INC
- **Address:** 1801 W FRANK, LUFKIN, TX, 75904
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Jobs reported:** 45
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*