# PPP loan: PRECISION OPTICAL TRANSCEIVERS INC
> **$1.38M** approved 02/24/2021 · Paid in Full · Loan `3742868505`
## Borrower
- **Name:** PRECISION OPTICAL TRANSCEIVERS INC
- **Address:** 100 Latona Road Building 318-A, Rochester, NY, 14652
- **NAICS:** 334290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 86
## Lender
- **Originating:** Genesee Regional Bank
- **Servicing:** Genesee Regional Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*