# PPP loan: HOFFMAN REFRIGERATION AND HEATING SERVICES, LTD
> **$271K** approved 04/10/2020 · Paid in Full · Loan `1811267109`
## Borrower
- **Name:** HOFFMAN REFRIGERATION AND HEATING SERVICES, LTD
- **Address:** 5660 MEMORIAL AVE, STILLWATER, MN, 55082-2188
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $8K
- **Utilities:** $5K
- **Health care:** $10K
- **Debt interest:** $2K
- **Jobs reported:** 20
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*