# PPP loan: NANOTECH PRECISION, LLC
> **$175K** approved 04/14/2020 · Paid in Full · Loan `7116247109`
## Borrower
- **Name:** NANOTECH PRECISION, LLC
- **Address:** 8820 Jefferson Highway, MAPLE GROVE, MN, 55369-1500
- **NAICS:** 423830
- **Business type:** Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $10K
- **Utilities:** $5K
- **Jobs reported:** 20
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*