# PPP loan: MID-CITY PRECISION, INC.
> **$360K** approved 04/08/2020 · Paid in Full · Loan `7966007005`
## Borrower
- **Name:** MID-CITY PRECISION, INC.
- **Address:** 7430 Oxford Street, MINNEAPOLIS, MN, 55426-4514
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Rent:** $16K
- **Health care:** $55K
- **Jobs reported:** 24
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*