# PPP loan: PRECISION TECHNOLOGY INC
> **$318K** approved 04/06/2020 · Paid in Full · Loan `5981007004`
## Borrower
- **Name:** PRECISION TECHNOLOGY INC
- **Address:** 65 W Century Parkway, SALT LAKE CITY, UT, 84115-3539
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 36
## Lender
- **Originating:** Brighton Bank
- **Servicing:** Brighton Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*