# PPP loan: PRECISION WATCHES INC.
> **$175K** approved 04/27/2020 · Paid in Full · Loan `5906067207`
## Borrower
- **Name:** PRECISION WATCHES INC.
- **Address:** 2500 W. Moreland Rd Unit 1101, WILLOW GROVE, PA, 19090-4006
- **NAICS:** 448310
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 20
## Lender
- **Originating:** Penn Community Bank
- **Servicing:** Penn Community Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*