# PPP loan: PRECISION RAIL STRESS TESTING INC.
> **$635K** approved 03/05/2021 · Paid in Full · Loan `7001948506`
## Borrower
- **Name:** PRECISION RAIL STRESS TESTING INC.
- **Address:** 3109 Conifer Trl, Sturgis, SD, 57785-2715
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $635K
- **Initial approval:** $635K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $635K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*