# PPP loan: WATSON REFRIGERATION INC.
> **$342K** approved 01/28/2021 · Paid in Full · Loan `7349888306`
## Borrower
- **Name:** WATSON REFRIGERATION INC.
- **Address:** 5401 Old Poole Rd, Raleigh, NC, 27610-3153
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 23
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*