# PPP loan: PRECISION URETHANE & MACHINE INC.
> **$563K** approved 02/12/2021 · Paid in Full · Loan `8122878401`
## Borrower
- **Name:** PRECISION URETHANE & MACHINE INC.
- **Address:** 612 3rd St, Hempstead, TX, 77445-4826
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $572K (102%)
- **Forgiveness date:** 10/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** First Source Federal Credit Union
- **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*