# PPP loan: SWISS PRECISION MACHINING INC
> **$1.62M** approved 04/11/2020 · Paid in Full · Loan `2780857110`
## Borrower
- **Name:** SWISS PRECISION MACHINING INC
- **Address:** 634 Glenn Ave, WHEELING, IL, 60090-6018
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 130
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*