# PPP loan: PRECISION BELTING INC.
> **$159K** approved 04/10/2020 · Paid in Full · Loan `2450577106`
## Borrower
- **Name:** PRECISION BELTING INC.
- **Address:** 5453 Old York Rd., ROCK HILL, SC, 29732-8775
- **NAICS:** 326220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $156K (99%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 9
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*