# PPP loan: B.I.C. PRECISION MACHINE CO. INC.
> **$451K** approved 04/09/2020 · Paid in Full · Loan `9050137008`
## Borrower
- **Name:** B.I.C. PRECISION MACHINE CO. INC.
- **Address:** 3004 CHERRY ST, BLANCHESTER, OH, 45107-7915
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $339K
- **Rent:** $113K
- **Jobs reported:** 39
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*