# PPP loan: PRECISION FERMENTATION INC.
> **$282K** approved 02/19/2021 · Paid in Full · Loan `1756008507`
## Borrower
- **Name:** PRECISION FERMENTATION INC.
- **Address:** 2611 Durham Chapel Hill Blvd, Durham, NC, 27707-2867
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $283K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*