# PPP loan: KING HVAC SYSTEMS, LLC
> **$601K** approved 04/05/2020 · Paid in Full · Loan `5391137008`
## Borrower
- **Name:** KING HVAC SYSTEMS, LLC
- **Address:** 101 Ontario Street, FRANKFORT, IL, 60423-1646
- **NAICS:** 238220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $601K
- **Initial approval:** $601K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $481K
- **Rent:** $90K
- **Utilities:** $30K
- **Jobs reported:** 48
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*