# PPP loan: PRECISION CHEMICAL, LLC
> **$270K** approved 04/15/2020 · Paid in Full · Loan `1100327205`
## Borrower
- **Name:** PRECISION CHEMICAL, LLC
- **Address:** 1888 W Shelton Rd, BOONVILLE, IN, 47601-8308
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Rent:** $9K
- **Utilities:** $2K
- **Jobs reported:** 15
## Lender
- **Originating:** Indiana Members CU
- **Servicing:** Indiana Members CU (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*