# PPP loan: AG AIR CONDITIONING AND HEATING INC
> **$640K** approved 04/14/2020 · Paid in Full · Loan `5750197105`
## Borrower
- **Name:** AG AIR CONDITIONING AND HEATING INC
- **Address:** 7640 TOBIAS AVE, VAN NUYS, CA, 91405-1250
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $647K
- **Forgiven:** $649K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $521K
- **Rent:** $55K
- **Utilities:** $6K
- **Debt interest:** $59K
- **Jobs reported:** 49
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*