# PPP loan: PRECISION LOGISTICS
> **$367K** approved 04/16/2020 · Paid in Full · Loan `2943147202`
## Borrower
- **Name:** PRECISION LOGISTICS
- **Address:** 14252 CULVER DR STE A716, IRVINE, CA, 92604
- **NAICS:** 541614
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $373K (102%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $46K
- **Jobs reported:** 50
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*