# PPP loan: PRECISION ELECTRIC CONTRACTORS LLC
> **$683K** approved 04/07/2020 · Paid in Full · Loan `7101437006`
## Borrower
- **Name:** PRECISION ELECTRIC CONTRACTORS LLC
- **Address:** 425 N Front St, MEDFORD, OR, 97501-5935
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $683K
- **Initial approval:** $683K
- **Forgiven:** $688K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $667K
- **Rent:** $10K
- **Utilities:** $6K
- **Jobs reported:** 43
## Lender
- **Originating:** Peoples Bank of Commerce
- **Servicing:** Peoples Bank of Commerce (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*