# PPP loan: PROGRESSIVE HEATING COOLING & REFRIGERATION, INC.
> **$260K** approved 04/07/2020 · Paid in Full · Loan `7644437002`
## Borrower
- **Name:** PROGRESSIVE HEATING COOLING & REFRIGERATION, INC.
- **Address:** 1375 E Main St, LOWELL, MI, 49331-9361
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $48K
- **Utilities:** $4K
- **Health care:** $11K
- **Jobs reported:** 22
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*