# PPP loan: PRECISION FERRITES & CERAMICS, INC
> **$882K** approved 04/27/2020 · Paid in Full · Loan `6097287207`
## Borrower
- **Name:** PRECISION FERRITES & CERAMICS, INC
- **Address:** 5432 PRODUCTION DRIVE, HUNTINGTON BEACH, CA, 92649-1525
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $882K
- **Initial approval:** $882K
- **Forgiven:** $890K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $706K
- **Rent:** $176K
- **Jobs reported:** 83
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*