# PPP loan: NEW ENGLAND PRECISION, INC.
> **$1.17M** approved 07/30/2020 · Paid in Full · Loan `1609768207`
## Borrower
- **Name:** NEW ENGLAND PRECISION, INC.
- **Address:** 281 Beanville Road STE 1, Randolph, VT, 05060
- **NAICS:** 332510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 76
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*