# PPP loan: PRECISION TUBE BENDING
> **$1.25M** approved 01/19/2021 · Paid in Full · Loan `1616908308`
## Borrower
- **Name:** PRECISION TUBE BENDING
- **Address:** 13626 Talc St, Santa Fe Springs, CA, 90670-5114
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.43M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 94
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*