Answer Heating and Cooling, Inc.

$484,600 PPP Loan in Freeland, Michigan

Loan Details

Loan Number
4430307010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$484,600
Current Approval
$484,600
Forgiveness Amount
$487,333
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Answer Heating and Cooling, Inc.
Address
8490 Midland Rd
ZIP Code
48623-8432
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$13.6M
Rural/Urban
Rural
Congressional District
MI-08

Loan Use Breakdown

Payroll
$418,000
Rent
$20,000
Utilities
$3,000
Health Care
$39,000
Debt Interest
$4,600

Lender Information

Servicing Lender
1st State Bank
Originating Lender
1st State Bank

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