# PPP loan: PRECISION MASTERS INC
> **$859K** approved 04/07/2020 · Paid in Full · Loan `7014777005`
## Borrower
- **Name:** PRECISION MASTERS INC
- **Address:** 1985 NORTHFIELD DR, ROCHESTER HILLS, MI, 48309-3824
- **NAICS:** 336370
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $859K
- **Initial approval:** $859K
- **Forgiven:** $867K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $859K
- **Jobs reported:** 70
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*