# PPP loan: MECHANICAL PRECISION INC
> **$488K** approved 01/28/2021 · Paid in Full · Loan `7890908308`
## Borrower
- **Name:** MECHANICAL PRECISION INC
- **Address:** 11 Hopewell Ave, Flemington, NJ, 08822-1118
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $488K
- **Utilities:** $1
- **Jobs reported:** 42
## 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*