# PPP loan: PINNACLE PRECISION SERVICES INC
> **$2.13M** approved 04/15/2020 · Exemption 4 · Loan `9222547108`
## Borrower
- **Name:** PINNACLE PRECISION SERVICES INC
- **Address:** 9385 Villa Crossing Dr, GREENWELL SPRINGS, LA, 70739
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.13M
- **Initial approval:** $2.13M
- **Forgiven:** $1.46M (68%)
- **Forgiveness date:** 02/21/2023
- **Status:** Exemption 4
- **Term:** 19 months
## Use of funds
- **Payroll:** $1.60M
- **Utilities:** $533K
- **Jobs reported:** 77
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*