# PPP loan: PRECISION SERVICE M T S INC
> **$238K** approved 04/14/2020 · Paid in Full · Loan `7350467103`
## Borrower
- **Name:** PRECISION SERVICE M T S INC
- **Address:** 121 W FULLERTON AVE, ADDISON, IL, 60101-3713
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $8K
- **Utilities:** $4K
- **Jobs reported:** 16
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*