# PPP loan: MSI PRECISION
> **$150K** approved 03/20/2021 · Paid in Full · Loan `5242488610`
## Borrower
- **Name:** MSI PRECISION
- **Address:** 1220 Valley Forge Rd Ste 34, Phoenixville, PA, 19460-2676
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 07/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 10
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*