# PPP loan: PRECISION FLANGE AND MACHINE, INC
> **$1.24M** approved 05/15/2020 · Paid in Full · Loan `6813557403`
## Borrower
- **Name:** PRECISION FLANGE AND MACHINE, INC
- **Address:** 13123 West Hardy Road, Houston, TX, 77060
- **NAICS:** 332111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Rent:** $86K
- **Utilities:** $37K
- **Jobs reported:** 83
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*