# PPP loan: PRECISION ELECTRIC INC
> **$352K** approved 05/01/2020 · Paid in Full · Loan `7812477700`
## Borrower
- **Name:** PRECISION ELECTRIC INC
- **Address:** 1508 W 6TH ST, MISHAWAKA, IN, 46544-1640
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $352K
- **Jobs reported:** 23
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*