# PPP loan: PRECISION MEASUREMENTS INC.
> **$858K** approved 03/12/2021 · Paid in Full · Loan `1153308602`
## Borrower
- **Name:** PRECISION MEASUREMENTS INC.
- **Address:** 629 Phoenix Dr Ste 100, Virginia Beach, VA, 23452-7392
- **NAICS:** 541370
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $861K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $858K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*