# PPP loan: PRECISION STAMPING, INC.
> **$265K** approved 04/06/2020 · Paid in Full · Loan `6436047004`
## Borrower
- **Name:** PRECISION STAMPING, INC.
- **Address:** 720 COLLINS RD, ELKHART, IN, 46516-5419
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $30K
- **Utilities:** $21K
- **Jobs reported:** 24
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*