# PPP loan: CRAFT PRECISION INC.
> **$236K** approved 01/20/2021 · Paid in Full · Loan `2140478308`
## Borrower
- **Name:** CRAFT PRECISION INC.
- **Address:** 610 E Eliza St, Schoolcraft, MI, 49087-8740
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $237K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $236K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** First National Bank of Michigan
- **Servicing:** First National Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*