# PPP loan: COOLTECH MECHANICAL CORPORATION
> **$212K** approved 04/28/2020 · Exemption 4 · Loan `6694277202`
## Borrower
- **Name:** COOLTECH MECHANICAL CORPORATION
- **Address:** 630 Flushing Avenue 5th Floor, Brooklyn, NY, 11206
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $115K (54%)
- **Forgiveness date:** 06/08/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $212K
- **Jobs reported:** 16
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*