# PPP loan: PREFERRED HEATING & AIR CONDITIONING INC
> **$153K** approved 05/01/2020 · Paid in Full · Loan `6024427701`
## Borrower
- **Name:** PREFERRED HEATING & AIR CONDITIONING INC
- **Address:** 9009 DE SOTO AVE, CANOGA PARK, CA, 91304-1968
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $153K
- **Initial approval:** $130K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 6
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*