# PPP loan: PRECISION HYDRAULIC TECHNOLOGY INC.
> **$582K** approved 01/23/2021 · Paid in Full · Loan `4508448308`
## Borrower
- **Name:** PRECISION HYDRAULIC TECHNOLOGY INC.
- **Address:** 357 S FM 1936, Odessa, TX, 79763-7632
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $582K
- **Initial approval:** $582K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $582K
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** American Momentum Bank
- **Servicing:** American Momentum Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*