# PPP loan: PRECISION GROUND INC
> **$359K** approved 04/14/2020 · Paid in Full · Loan `7596447108`
## Borrower
- **Name:** PRECISION GROUND INC
- **Address:** 548 HERBERT RD, MCHENRY, IL, 60050
- **NAICS:** 333512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $359K
- **Initial approval:** $359K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $90K
- **Jobs reported:** 20
## Lender
- **Originating:** Home State Bank, National Association
- **Servicing:** Home State Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*