# PPP loan: PRECISION MECHANICAL
> **$332K** approved 04/08/2020 · Paid in Full · Loan `8675497006`
## Borrower
- **Name:** PRECISION MECHANICAL
- **Address:** 5700 S Hwy 79 Unit E3, RAPID CITY, SD, 57709
- **NAICS:** 236220
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $332K
- **Initial approval:** $332K
- **Forgiven:** $334K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Rent:** $18K
- **Utilities:** $10K
- **Health care:** $10K
- **Debt interest:** $8K
- **Jobs reported:** 35
## Lender
- **Originating:** BankWest, Inc
- **Servicing:** BankWest, Inc (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*