# PPP loan: PRECISION ADDITIVES INC.
> **$450K** approved 01/25/2021 · Paid in Full · Loan `5420418310`
## Borrower
- **Name:** PRECISION ADDITIVES INC.
- **Address:** 1441 Park Ten Blvd, Houston, TX, 77084-5028
- **NAICS:** 325180
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $457K (101%)
- **Forgiveness date:** 06/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Utilities:** $1
- **Jobs reported:** 29
## 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*