# PPP loan: PRECISION UNDERGROUND, INC
> **$371K** approved 04/04/2020 · Paid in Full · Loan `4778087006`
## Borrower
- **Name:** PRECISION UNDERGROUND, INC
- **Address:** 1800 E Broadway Ave St 400, BISMARCK, ND, 58501-4742
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $19K
- **Utilities:** $3K
- **Health care:** $27K
- **Jobs reported:** 32
## Lender
- **Originating:** First International Bank & Trust
- **Servicing:** First International Bank & Trust (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*