# PPP loan: J2 PRECISION CNC, INC.
> **$174K** approved 04/27/2020 · Paid in Full · Loan `5539717209`
## Borrower
- **Name:** J2 PRECISION CNC, INC.
- **Address:** 3275 N. Colorado St., Chandler, AZ, 85225-1136
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $5K
- **Jobs reported:** 14
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*