# PPP loan: NEW PRECISION TECHNOLOGY LLC
> **$333K** approved 01/21/2021 · Paid in Full · Loan `2542928304`
## Borrower
- **Name:** NEW PRECISION TECHNOLOGY LLC
- **Address:** 98 Fort Path Rd, Madison, CT, 06443-2264
- **NAICS:** 333999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $333K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*