# PPP loan: GALAXY PRECISION MANUFACTURING INC.
> **$329K** approved 01/22/2021 · Paid in Full · Loan `3933008301`
## Borrower
- **Name:** GALAXY PRECISION MANUFACTURING INC.
- **Address:** 2636 United Ln, Elk Grove Village, IL, 60007-6821
- **NAICS:** 334220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $329K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*