# PPP loan: PRECISION MECHANICAL INSULATORS, LLC
> **$150K** approved 04/07/2020 · Paid in Full · Loan `7303697001`
## Borrower
- **Name:** PRECISION MECHANICAL INSULATORS, LLC
- **Address:** 504 N Maple Street PO Box 173, PAYNE, OH, 45880-9090
- **NAICS:** 238220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 15
## Lender
- **Originating:** The Farmers & Merchants State Bank
- **Servicing:** The Farmers & Merchants State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*