# PPP loan: MODERN HEATING AND COOLING.INC
> **$279K** approved 04/08/2020 · Paid in Full · Loan `8136307007`
## Borrower
- **Name:** MODERN HEATING AND COOLING.INC
- **Address:** 707 SOUTHERN AVE, GADSDEN, AL, 35901-3146
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $279K
- **Initial approval:** $279K
- **Forgiven:** $281K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $279K
- **Jobs reported:** 28
## Lender
- **Originating:** The Exchange Bank of Alabama
- **Servicing:** The Exchange Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*