# PPP loan: PRECISION SAW WORKS, INC
> **$327K** approved 04/15/2020 · Paid in Full · Loan `8824977100`
## Borrower
- **Name:** PRECISION SAW WORKS, INC
- **Address:** 10424 HIGHWAY 742 NORTH, POLKTON, NC, 28135-7712
- **NAICS:** 332216
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $11K
- **Utilities:** $8K
- **Jobs reported:** 46
## Lender
- **Originating:** Uwharrie Bank
- **Servicing:** Uwharrie Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*