# PPP loan: PRECISION MEASUREMENTS, INC.
> **$1.05M** approved 04/13/2020 · Paid in Full · Loan `4546237102`
## Borrower
- **Name:** PRECISION MEASUREMENTS, INC.
- **Address:** 629 Phoenix Drive Suite 100, VIRGINIA BEACH, VA, 23452-7341
- **NAICS:** 541370
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 73
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*