# PPP loan: PRECISION TECHNOLOGIES CORP
> **$1.92M** approved 04/15/2020 · Paid in Full · Loan `1161377202`
## Borrower
- **Name:** PRECISION TECHNOLOGIES CORP
- **Address:** 1100 CORNWALL RD, MONMOUTH JUNCTION, NJ, 08852-2411
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $1.92M
- **Forgiven:** $1.94M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.92M
- **Jobs reported:** 124
## 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*