# PPP loan: STANDARD HEATING & AIR CONDITIONING COMPANY INC
> **$565K** approved 04/05/2020 · Paid in Full · Loan `5504647005`
## Borrower
- **Name:** STANDARD HEATING & AIR CONDITIONING COMPANY INC
- **Address:** 520 8TH ST S, BIRMINGHAM, AL, 35233-1122
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $565K
- **Initial approval:** $565K
- **Forgiven:** $569K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Rent:** $25K
- **Utilities:** $5K
- **Jobs reported:** 61
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*