# PPP loan: PRECISION GEAR INDUSTRIES LLC
> **$2.62M** approved 04/13/2020 · Paid in Full · Loan `4331317105`
## Borrower
- **Name:** PRECISION GEAR INDUSTRIES LLC
- **Address:** 112-07 14th Ave 0.0, College Point, NY, 11356-1407
- **NAICS:** 332710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.62M
- **Initial approval:** $2.62M
- **Forgiven:** $2.65M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.10M
- **Rent:** $235K
- **Utilities:** $79K
- **Health care:** $136K
- **Debt interest:** $74K
- **Jobs reported:** 162
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*