# PPP loan: RESEARCH COTTRELL COOLING INC
> **$294K** approved 04/28/2020 · Charged Off · Loan `8247327201`
## Borrower
- **Name:** RESEARCH COTTRELL COOLING INC
- **Address:** 46 E MAIN ST, SOMERVILLE, NJ, 08876-2312
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $197K (67%)
- **Forgiveness date:** 10/26/2022
- **Status:** Charged Off
- **Term:** 26 months
## Use of funds
- **Payroll:** $294K
- **Jobs reported:** 21
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*