# PPP loan: PRECISION MEDICAL TECHNOLOGIES, INC.
> **$2.70M** approved 04/06/2020 · Paid in Full · Loan `5751967004`
## Borrower
- **Name:** PRECISION MEDICAL TECHNOLOGIES, INC.
- **Address:** 2059 N Pound Drive W, WARSAW, IN, 46582-6546
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.70M
- **Initial approval:** $2.70M
- **Forgiven:** $2.73M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.69M
- **Rent:** $195K
- **Utilities:** $154K
- **Health care:** $330K
- **Debt interest:** $325K
- **Jobs reported:** 205
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*