# PPP loan: PRECISON DRYWALL
> **$405K** approved 04/05/2020 · Paid in Full · Loan `5269507008`
## Borrower
- **Name:** PRECISON DRYWALL
- **Address:** 1011  2ND AVE SW Ste 200, CEDAR RAPIDS, IA, 52404-1807
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $628K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $405K
- **Jobs reported:** 30
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*