# PPP loan: PRECISION MACHINE PRODUCTS INC
> **$670K** approved 04/14/2020 · Paid in Full · Loan `7241447109`
## Borrower
- **Name:** PRECISION MACHINE PRODUCTS INC
- **Address:** PO BOX 1576, GASTONIA, NC, 28053-1576
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $670K
- **Initial approval:** $670K
- **Forgiven:** $677K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $670K
- **Jobs reported:** 53
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*