# PPP loan: PRECISION GRINDING, INC.
> **$1.28M** approved 04/06/2020 · Paid in Full · Loan `5879777005`
## Borrower
- **Name:** PRECISION GRINDING, INC.
- **Address:** 100 KILSBY CIR, BESSEMER, AL, 35022-4085
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Jobs reported:** 87
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*