# PPP loan: PRECISION GRINDING, INC.
> **$165K** approved 05/01/2020 · Paid in Full · Loan `8071657310`
## Borrower
- **Name:** PRECISION GRINDING, INC.
- **Address:** 8527 Calle Alameda St NE, Albuquerque, NM, 87113
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 12
## Lender
- **Originating:** DreamSpring
- **Servicing:** DreamSpring (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*