# PPP loan: REACO HEATING & AC INC.
> **$486K** approved 01/25/2021 · Paid in Full · Loan `5430058302`
## Borrower
- **Name:** REACO HEATING & AC INC.
- **Address:** 8475 Forest St Ste 125, Gilroy, CA, 95020-3646
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $486K
- **Jobs reported:** 34
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*