# PPP loan: PRECISION AIR TECHNOLOGY
> **$744K** approved 05/18/2021 · Paid in Full · Loan `3205039003`
## Borrower
- **Name:** PRECISION AIR TECHNOLOGY
- **Address:** 108 Nova Dr, Morrisville, NC, 27560-8244
- **NAICS:** 541380
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $744K
- **Initial approval:** $744K
- **Forgiven:** $757K (102%)
- **Forgiveness date:** 03/01/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $744K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*