# PPP loan: PRECISION DIE AND MACHINE CO.
> **$253K** approved 07/29/2020 · Paid in Full · Loan `1251038205`
## Borrower
- **Name:** PRECISION DIE AND MACHINE CO.
- **Address:** 1400 S. CARNEY DR, SAINT CLAIR, MI, 48079-5549
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $25K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 14
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*