# PPP loan: PRECISION OF NEW HAMPTON INC.
> **$1.52M** approved 04/07/2020 · Paid in Full · Loan `7277897008`
## Borrower
- **Name:** PRECISION OF NEW HAMPTON INC.
- **Address:** 515 BAILEY AVE, NEW HAMPTON, IA, 50659-1064
- **NAICS:** 336350
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Jobs reported:** 120
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*