# PPP loan: PRECISION CONVERTERS, INC.
> **$636K** approved 04/13/2020 · Paid in Full · Loan `5469607106`
## Borrower
- **Name:** PRECISION CONVERTERS, INC.
- **Address:** 5770 N. Blackstock Rd, SPARTANBURG, SC, 29303-6301
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $636K
- **Initial approval:** $636K
- **Forgiven:** $640K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $636K
- **Jobs reported:** 65
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*