# PPP loan: R S PRECISION INDUSTRIES INC
> **$582K** approved 01/30/2021 · Paid in Full · Loan `9158048308`
## Borrower
- **Name:** R S PRECISION INDUSTRIES INC
- **Address:** 295 Adams Blvd, Farmingdale, NY, 11735-6632
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $582K
- **Initial approval:** $582K
- **Forgiven:** $587K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $582K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*