# PPP loan: PRECISION DRIVE & CONTROL INC
> **$1.63M** approved 04/11/2020 · Paid in Full · Loan `2862497102`
## Borrower
- **Name:** PRECISION DRIVE & CONTROL INC
- **Address:** 504 11th St, MONROE, WI, 53566-1343
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Rent:** $41K
- **Utilities:** $41K
- **Jobs reported:** 121
## Lender
- **Originating:** Woodford State Bank
- **Servicing:** Woodford State Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*