# PPP loan: M&M PRECISION MACHINING, INC.
> **$371K** approved 04/08/2020 · Paid in Full · Loan `7988667005`
## Borrower
- **Name:** M&M PRECISION MACHINING, INC.
- **Address:** 12797 MEADOWVALE RD NW, ELK RIVER, MN, 55330-1171
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Rent:** $74K
- **Utilities:** $19K
- **Jobs reported:** 39
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*