# PPP loan: ISLAND AIR CONDITIONING & HEATING INC
> **$355K** approved 04/14/2020 · Paid in Full · Loan `7439617107`
## Borrower
- **Name:** ISLAND AIR CONDITIONING & HEATING INC
- **Address:** 4399 LINDSEY LN, ORANGE BEACH, AL, 36561-5807
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $360K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $337K
- **Health care:** $18K
- **Jobs reported:** 28
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*