# PPP loan: PRECISION ZONE, INC.
> **$494K** approved 05/01/2020 · Paid in Full · Loan `1573017707`
## Borrower
- **Name:** PRECISION ZONE, INC.
- **Address:** 100 Chaddick Drive, Wheeling, IL, 60090
- **NAICS:** 423690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $328K
- **Rent:** $100K
- **Utilities:** $23K
- **Health care:** $43K
- **Jobs reported:** 45
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*