# PPP loan: PRECISION CUTTING TECHNOLOGIES, INC.
> **$421K** approved 04/12/2020 · Paid in Full · Loan `3852497103`
## Borrower
- **Name:** PRECISION CUTTING TECHNOLOGIES, INC.
- **Address:** 1611 N Molter, LIBERTY LAKE, WA, 99019
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $21K
- **Mortgage interest:** $67K
- **Utilities:** $17K
- **Jobs reported:** 38
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*