# PPP loan: A & L PRECISION MANUFACTURING, INC.
> **$335K** approved 05/01/2020 · Paid in Full · Loan `2322017707`
## Borrower
- **Name:** A & L PRECISION MANUFACTURING, INC.
- **Address:** 1243 OAKPOINT AVE, BRONX, NY, 10474
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $340K (102%)
- **Forgiveness date:** 11/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Rent:** $55K
- **Mortgage interest:** $2K
- **Utilities:** $12K
- **Debt interest:** $1K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*