# PPP loan: PRECISION CONTROL SYSTEMS LLC
> **$218K** approved 05/01/2020 · Paid in Full · Loan `9274667307`
## Borrower
- **Name:** PRECISION CONTROL SYSTEMS LLC
- **Address:** 29355 West Nine Mile Road, Farmington Hills, MI, 48336
- **NAICS:** 511199
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Rent:** $27K
- **Utilities:** $27K
- **Jobs reported:** 26
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*