# PPP loan: PRECITEC CORP
> **$1.12M** approved 04/27/2020 · Paid in Full · Loan `4790647207`
## Borrower
- **Name:** PRECITEC CORP
- **Address:** 1000 Tower Road, MUNDELEIN, IL, 60060-3816
- **NAICS:** 333241
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Jobs reported:** 49
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*