# PPP loan: PRECISION MACHINE FABRICATION INC
> **$493K** approved 05/03/2020 · Paid in Full · Loan `6186377702`
## Borrower
- **Name:** PRECISION MACHINE FABRICATION INC
- **Address:** 1100 N NEW HOPE RD, RALEIGH, NC, 27610-1416
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $493K
- **Initial approval:** $480K
- **Forgiven:** $497K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Jobs reported:** 49
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*