# PPP loan: PRECISION CARGO LOGISTICS INC
> **$205K** approved 05/01/2020 · Paid in Full · Loan `6505797708`
## Borrower
- **Name:** PRECISION CARGO LOGISTICS INC
- **Address:** 18300 S WILMINGTON AVE STE 130, RANCHO DOMINGUEZ, CA, 90220-5927
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $205K
- **Initial approval:** $160K
- **Forgiven:** $186K (90%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*