# PPP loan: PRECISION MACHINING SERVICES INC
> **$620K** approved 01/21/2021 · Paid in Full · Loan `2587378309`
## Borrower
- **Name:** PRECISION MACHINING SERVICES INC
- **Address:** 1009 Pineville Rd, Chattanooga, TN, 37405-2631
- **NAICS:** 336419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $623K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $620K
- **Utilities:** $1
- **Jobs reported:** 69
## Lender
- **Originating:** Builtwell Bank
- **Servicing:** Builtwell Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*