# PPP loan: T-PRECISION MACHINING INC.
> **$451K** approved 05/03/2020 · Paid in Full · Loan `7120327700`
## Borrower
- **Name:** T-PRECISION MACHINING INC.
- **Address:** ASHEVILLE PAINT AND POWDER COAT INC 16 OLD CHARLOTTE HWY, ASHEVILLE, NC, 28803-9404
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $451K
- **Initial approval:** $256K
- **Forgiven:** $456K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $451K
- **Jobs reported:** 33
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*