# PPP loan: PRECISION TEST AND BALANCE OF NY CORP
> **$521K** approved 03/13/2021 · Paid in Full · Loan `1419458610`
## Borrower
- **Name:** PRECISION TEST AND BALANCE OF NY CORP
- **Address:** 106 3rd St, Mineola, NY, 11501-4400
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $521K
- **Initial approval:** $521K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $521K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*