# PPP loan: PRECISION AUTOMATION COMPANY INC
> **$934K** approved 04/28/2020 · Paid in Full · Loan `9533157204`
## Borrower
- **Name:** PRECISION AUTOMATION COMPANY INC
- **Address:** 1841 Old Cuthbert Road, Cherry Hill, NJ, 08034
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $934K
- **Initial approval:** $934K
- **Forgiven:** $940K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $701K
- **Mortgage interest:** $200K
- **Utilities:** $34K
- **Jobs reported:** 63
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*