# PPP loan: PRECISION ELECTRIC COMPANY LLC
> **$183K** approved 05/01/2020 · Paid in Full · Loan `4146987704`
## Borrower
- **Name:** PRECISION ELECTRIC COMPANY LLC
- **Address:** 1306 N CUERNAVACA DR, AUSTIN, TX, 78733
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Jobs reported:** 28
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*