# PPP loan: PRECISION INSTRUMENTS INC
> **$804K** approved 01/23/2021 · Paid in Full · Loan `4880668300`
## Borrower
- **Name:** PRECISION INSTRUMENTS INC
- **Address:** 1846 Miner St, Des Plaines, IL, 60016-4712
- **NAICS:** 332216
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $804K
- **Initial approval:** $804K
- **Forgiven:** $809K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $804K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*