# PPP loan: PRECISION ASSEMBLY, INC
> **$715K** approved 04/15/2020 · Paid in Full · Loan `1503677210`
## Borrower
- **Name:** PRECISION ASSEMBLY, INC
- **Address:** 1442 SOUTH 500 EAST SUITE 100, AMERICAN FORK, UT, 84003-4273
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $715K
- **Initial approval:** $715K
- **Forgiven:** $719K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Rent:** $89K
- **Utilities:** $89K
- **Jobs reported:** 86
## Lender
- **Originating:** Altabank, A Division of
- **Servicing:** Glacier Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*