# PPP loan: PRECISION OPTICAL GROUP, INC
> **$401K** approved 04/04/2020 · Paid in Full · Loan `4830877005`
## Borrower
- **Name:** PRECISION OPTICAL GROUP, INC
- **Address:** 701 S Oak St, CRESTON, IA, 50801-3650
- **NAICS:** 333314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Mortgage interest:** $20K
- **Utilities:** $60K
- **Jobs reported:** 61
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*