# PPP loan: ARMS PRECISION, INC.
> **$680K** approved 04/06/2020 · Paid in Full · Loan `6163287010`
## Borrower
- **Name:** ARMS PRECISION, INC.
- **Address:** 169 RADIO RD, CORONA, CA, 92879-1724
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $680K
- **Forgiven:** $687K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Rent:** $52K
- **Utilities:** $16K
- **Health care:** $68K
- **Jobs reported:** 47
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*