# PPP loan: PRECISION WHEEL REPAIR, INC.
> **$317K** approved 04/04/2020 · Paid in Full · Loan `4828037001`
## Borrower
- **Name:** PRECISION WHEEL REPAIR, INC.
- **Address:** 649 S VERMONT ST, PALATINE, IL, 60067-6949
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $40K
- **Utilities:** $40K
- **Jobs reported:** 43
## Lender
- **Originating:** Community Bank of Elmhurst
- **Servicing:** Community Bank of Elmhurst (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*