# PPP loan: PRECISION TEXTILES LLC
> **$2.51M** approved 04/15/2020 · Paid in Full · Loan `9170167109`
## Borrower
- **Name:** PRECISION TEXTILES LLC
- **Address:** 200 MALTESE DR, TOTOWA, NJ, 07512-1404
- **NAICS:** 313320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Rent:** $325K
- **Utilities:** $50K
- **Health care:** $225K
- **Debt interest:** $27K
- **Jobs reported:** 191
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*