# PPP loan: PRECISE ENGINEERING INC
> **$236K** approved 04/11/2020 · Paid in Full · Loan `3384077104`
## Borrower
- **Name:** PRECISE ENGINEERING INC
- **Address:** 9752 WHITHORN DR STE B, HOUSTON, TX, 77095-5024
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Health care:** $20K
- **Jobs reported:** 6
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*