# PPP loan: PREFERRED PRECISION GROUP LLC
> **$1.31M** approved 04/07/2020 · Paid in Full · Loan `7162417004`
## Borrower
- **Name:** PREFERRED PRECISION GROUP LLC
- **Address:** 1310 COMER AVE, PELL CITY, AL, 35125-1579
- **NAICS:** 336111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $984K
- **Rent:** $66K
- **Mortgage interest:** $66K
- **Utilities:** $66K
- **Health care:** $66K
- **Debt interest:** $66K
- **Jobs reported:** 217
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*