# PPP loan: R.A. HOY HEATING & AIR CONDITIONING, INC.
> **$605K** approved 04/06/2020 · Paid in Full · Loan `5631627002`
## Borrower
- **Name:** R.A. HOY HEATING & AIR CONDITIONING, INC.
- **Address:** 3908 N Croatan Highway, KITTY HAWK, NC, 27949-4198
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $646K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $605K
- **Jobs reported:** 40
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*