# PPP loan: PRECISION METALS INC.
> **$495K** approved 04/05/2020 · Paid in Full · Loan `5255917001`
## Borrower
- **Name:** PRECISION METALS INC.
- **Address:** 1315 GREG ST, SPARKS, NV, 89431-6060
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $48K
- **Utilities:** $7K
- **Jobs reported:** 41
## Lender
- **Originating:** Glacier Bank
- **Servicing:** Glacier Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*