# PPP loan: PRECISION MACHINE WORKS INC.
> **$270K** approved 03/17/2021 · Paid in Full · Loan `3645628610`
## Borrower
- **Name:** PRECISION MACHINE WORKS INC.
- **Address:** 19028 Industrial Rd, Culpeper, VA, 22701-4149
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*