# PPP loan: ORION PRECISION INDUSTRIES
> **$345K** approved 04/02/2021 · Paid in Full · Loan `5579658706`
## Borrower
- **Name:** ORION PRECISION INDUSTRIES
- **Address:** 8 Veronica Ave, Somerset, NJ, 08873-3400
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 07/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $345K
- **Jobs reported:** 27
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*