# PPP loan: SOUTHERN HEATING AND COOLING INC
> **$344K** approved 04/09/2020 · Paid in Full · Loan `9616737000`
## Borrower
- **Name:** SOUTHERN HEATING AND COOLING INC
- **Address:** 2413 E Willow Street, SCOTTSBORO, AL, 35768-4123
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Rent:** $13K
- **Utilities:** $7K
- **Health care:** $10K
- **Debt interest:** $10K
- **Jobs reported:** 30
## Lender
- **Originating:** First Southern State Bank
- **Servicing:** First Southern State Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*