# PPP loan: VOLKERT PRECISION TECHNOLOGIES INC
> **$725K** approved 04/15/2020 · Paid in Full · Loan `8239677103`
## Borrower
- **Name:** VOLKERT PRECISION TECHNOLOGIES INC
- **Address:** 22240 96th Ave, QUEENS VILLAGE, NY, 11429-0001
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $725K
- **Initial approval:** $725K
- **Forgiven:** $729K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Rent:** $145K
- **Jobs reported:** 58
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*