# PPP loan: PRECISION INDUSTRIAL MACHINE INC
> **$235K** approved 04/11/2020 · Paid in Full · Loan `2724247110`
## Borrower
- **Name:** PRECISION INDUSTRIAL MACHINE INC
- **Address:** 914-G HIGHWAY 43 SOUTH, SARALAND, AL, 36571
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Jobs reported:** 16
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*