# PPP loan: ELITE MECHANICAL HEATING AND COOLING
> **$172K** approved 05/01/2020 · Exemption 4 · Loan `9016207709`
## Borrower
- **Name:** ELITE MECHANICAL HEATING AND COOLING
- **Address:** 17 Sagamore Road, Parsippany, NJ, 07054
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $168K (97%)
- **Forgiveness date:** 09/08/2023
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 8
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*