# PPP loan: ACUTEC PRECISION MACHINING INC
> **$6.66M** approved 04/12/2020 · Paid in Full · Loan `4016467104`
## Borrower
- **Name:** ACUTEC PRECISION MACHINING INC
- **Address:** 13555 BROADWAY, MEADVILLE, PA, 16335-8307
- **NAICS:** 336412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.66M
- **Initial approval:** $6.66M
- **Forgiven:** $6.75M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.66M
- **Jobs reported:** 500
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*