# PPP loan: PRECISION TOOL TECHNOLOGIES, INC.
> **$314K** approved 04/04/2020 · Paid in Full · Loan `4715907006`
## Borrower
- **Name:** PRECISION TOOL TECHNOLOGIES, INC.
- **Address:** 924 Wright Street, BRAINERD, MN, 56401-4405
- **NAICS:** 333314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Jobs reported:** 23
## Lender
- **Originating:** RiverWood Bank
- **Servicing:** RiverWood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*