# PPP loan: POLAR MECHANICAL CORP
> **$340K** approved 01/27/2021 · Paid in Full · Loan `6844958306`
## Borrower
- **Name:** POLAR MECHANICAL CORP
- **Address:** 221 51st St, Brooklyn, NY, 11220-1712
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*