# PPP loan: RYCOR HVAC LLC
> **$231K** approved 04/08/2020 · Paid in Full · Loan `8554807007`
## Borrower
- **Name:** RYCOR HVAC LLC
- **Address:** 537 State Route 208, New Paltz, NY, 12561-2631
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $190K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $3K
- **Utilities:** $2K
- **Jobs reported:** 13
## Lender
- **Originating:** New York Business Development Corporation
- **Servicing:** New York Business Development Corporation (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*