# PPP loan: THERMAL EQUIPMENT CORPORATION
> **$428K** approved 04/30/2020 · Paid in Full · Loan `4645487309`
## Borrower
- **Name:** THERMAL EQUIPMENT CORPORATION
- **Address:** 2030 E UNIVERSITY DR, COMPTON, CA, 90220-6410
- **NAICS:** 332420
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $428K
- **Initial approval:** $550K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Jobs reported:** 37
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*