# PPP loan: L & T PRECISION ENGINEERING, INC.
> **$564K** approved 04/14/2020 · Paid in Full · Loan `5834247104`
## Borrower
- **Name:** L & T PRECISION ENGINEERING, INC.
- **Address:** 2395 QUME DR, SAN JOSE, CA, 95131-1813
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $564K
- **Initial approval:** $564K
- **Forgiven:** $570K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $451K
- **Mortgage interest:** $113K
- **Jobs reported:** 67
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*