# PPP loan: MERRITT ISLAND AIR & HEAT, INC.
> **$749K** approved 04/08/2020 · Paid in Full · Loan `7703957006`
## Borrower
- **Name:** MERRITT ISLAND AIR & HEAT, INC.
- **Address:** 625 CYPRESS DR, MERRITT ISLAND, FL, 32952-3719
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $749K
- **Initial approval:** $749K
- **Forgiven:** $756K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $610K
- **Rent:** $22K
- **Utilities:** $84K
- **Health care:** $32K
- **Jobs reported:** 59
## Lender
- **Originating:** Community Bank of the South
- **Servicing:** Community Bank of the South (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*