# PPP loan: TIMRON PRECISION GEAR INC
> **$450K** approved 02/13/2021 · Paid in Full · Loan `8539688409`
## Borrower
- **Name:** TIMRON PRECISION GEAR INC
- **Address:** 19231 Industrial Blvd NW, Elk River, MN, 55330-2430
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Utilities:** $1
- **Jobs reported:** 31
## 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*