# PPP loan: UTILITY PRECAST INC
> **$457K** approved 05/18/2021 · Paid in Full · Loan `3461479005`
## Borrower
- **Name:** UTILITY PRECAST INC
- **Address:** 1420 Ivey Cline Rd, Concord, NC, 28027-9529
- **NAICS:** 327390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $457K
- **Initial approval:** $457K
- **Forgiven:** $462K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $457K
- **Jobs reported:** 35
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*