# PPP loan: REFRIGERATION ENGINEERING INC.
> **$196K** approved 03/26/2021 · Paid in Full · Loan `1008438708`
## Borrower
- **Name:** REFRIGERATION ENGINEERING INC.
- **Address:** CARR. 842 KM 0.8 CAIMITO ABAJO, SAN JUAN, PR, 00926
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 26
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*