# PPP loan: PRECISION INDUSTRIAL MACHINE INC
> **$235K** approved 02/10/2021 · Paid in Full · Loan `6662228407`
## Borrower
- **Name:** PRECISION INDUSTRIAL MACHINE INC
- **Address:** 914G Saraland Blvd S, Saraland, AL, 36571-3609
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $237K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $235K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*