# PPP loan: PRECISION CUTTER AND TOOL COMPANY
> **$181K** approved 04/08/2020 · Paid in Full · Loan `8623947008`
## Borrower
- **Name:** PRECISION CUTTER AND TOOL COMPANY
- **Address:** 302 CARMECO RD, LEBANON, MO, 65536-8109
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $24K
- **Mortgage interest:** $6K
- **Utilities:** $11K
- **Jobs reported:** 21
## Lender
- **Originating:** First State Community Bank
- **Servicing:** First State Community Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*