# PPP loan: PRECISION ENGINEERING INC
> **$1.37M** approved 04/14/2020 · Paid in Full · Loan `7488417102`
## Borrower
- **Name:** PRECISION ENGINEERING INC
- **Address:** 1939 Newcomb Ave, SAN FRANCISCO, CA, 94124-1616
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 49
## Lender
- **Originating:** Farmers & Merchants Bank of Central California
- **Servicing:** Farmers & Merchants Bank of Central California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*