# PPP loan: PRECISION GASKET COMPANY
> **$834K** approved 04/05/2020 · Paid in Full · Loan `5221607004`
## Borrower
- **Name:** PRECISION GASKET COMPANY
- **Address:** 5732 LINCOLN DR, MINNEAPOLIS, MN, 55436-1608
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $834K
- **Initial approval:** $834K
- **Forgiven:** $840K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $747K
- **Rent:** $86K
- **Utilities:** $1K
- **Jobs reported:** 67
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*