# PPP loan: PRECISION DOSE, INC.
> **$1.60M** approved 06/28/2020 · Paid in Full · Loan `5398088005`
## Borrower
- **Name:** PRECISION DOSE, INC.
- **Address:** 722 Progressive Lane, South Beloit, IL, 61080
- **NAICS:** 325412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $130K
- **Mortgage interest:** $233K
- **Utilities:** $34K
- **Jobs reported:** 138
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*