# PPP loan: PRECISION DRIVE SYSTEMS LLC
> **$412K** approved 04/15/2020 · Paid in Full · Loan `8678537109`
## Borrower
- **Name:** PRECISION DRIVE SYSTEMS LLC
- **Address:** 4367 Dallas Cherryville Hwy, Bessemer City, NC, 28016-7729
- **NAICS:** 335314
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $349K (85%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $412K
- **Jobs reported:** 24
## Lender
- **Originating:** PNC Bank, National Association
- **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*