# PPP loan: ADDISON PRECISION PRODUCTS INC
> **$176K** approved 04/10/2020 · Paid in Full · Loan `2216367104`
## Borrower
- **Name:** ADDISON PRECISION PRODUCTS INC
- **Address:** 200 E. KELLEN DR, AMBOY, IL, 61310-1831
- **NAICS:** 333992
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Jobs reported:** 12
## Lender
- **Originating:** The First National Bank in Amboy
- **Servicing:** The First National Bank in Amboy (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*